Property Description
Buyers brief – manufacture equity via renovation, specifically via a significant change of configuration.
The project involved a dilapidated 3 bedroom, 1 bathroom, 1 car space, 164sqm terrace conversion into a 3 bedroom, 2 bathroom and 1 car space.
Result – Purchase price – $1,150,000 New appraisal price – $1,800,000 Rental – $49,400 p.a. Timeframe – 15 months
Property Id: 2020
Price: Puchased $ 1,150,000
Rooms: 3
Bedrooms: 2
Bathrooms: 1
Levels: 0
Purchased: 2016-08-03
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