Banksia St - Heidelberg
Description
Sydney based client, 3 bedroom villa unit with front garden and rear courtyards circa 1980. Currently tenanted for $285pw. Agents value $ 320,000 -$ 350,000
Project Objectives
Increase value of property via full rejuvenation and lift current rental by 25%
Before Photos
Works carried out
Full strip out and replacement of Kitchen, bathroom, carpets, light fitting, switches, door handles, appliances, painting, window coverings, door stops. Garden refresh and garage clean thrown in!
After Photos
Project statistics and results:
| Time ro complete: | 7 weeks |
| Rental before: | $ 285 per week |
| Valuation before: | $ 320 - $ 350k |
| Cost of works: | $ 29,800 (Included removal of wall) |
| Rental after: | $ 410pw (69.5% increase or $ 6500 pa) |
| Valuation after: | $ 350 - $ 380k |
| Time to re-lease: | 1 week |
Source: Louis Christou, Director Christou &Co R/E Eaglemont Vic
If you would like to discuss your renovation options with Melbourne Property Rejuvenation please click here
CALL
0419 196 386
or click here for a
FREE QUOTE
What's New
Spring is upon us
Project Review - Princess St Port Melbourne
