81 Warren Ave
This tired two bedroom rental unit was purchased for $270k. After only one month of renovations following a Renovation Action Plan prepared by us (and a total cost of just $15k), it is now worth upward of $375k! Original rent earned was $240 per week and increased rent after renovation is $375 per week (which includes whitegoods). The yield has increased from around 4.5% to 7.2%. Not the greatest photos in this gallery - but certainly the most profitable!
We recommended renovating part of this kitchen and adding some new storage units and a dishwasher to create a modern, usable space for half the cost of replacing it entirely.
We advised the exact wall and floor colours to improve the appeal of the lounge room significantly.
Without spending mega-dollars on replacing the handrail and ballustrades, we recommended that the entry staircase be modernised and given a fresh, crisp look to introduce the unit itself - a good choice of paint colours and some new carpet did the trick.
The bathroom itself orginally wasn't too bad, so a few tweaks we recommended - including a new vanity and mirror, shower screen and toilet update it for minimal cost. Having the knowledge of the correct colours and products to use and where can make the differtence between a definate DIY job and a designer result.
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