Overview

  • Property located approximately 30 minutes from Brisbane CBD
  • The property was on two titles already so we arranged a boundary realignment
  • Property purchased for $255,000, renovated & converted from two to three bedrooms
  • Renovation and boundary realignment were approximately $70,000, including new driveway to new rear lot
  • Property valued at $270,000 after the renovation. New land lot created valued at $110,000

 

 

Client Brief

  • Looking to diversify portfolio into other areas
  • Wanting to increase cash flow and move away from negative gearing
  • Wanted an immediate increase in equity.

Pre-renovation

After renovation