Property Renovation – Redfern NSW

$900k purchase + SD $37K + Fees $30K
$127k Renovations
$1.094 Total Spend
$1.2m valuation on completed works
$106K Profit on $109K invested @ 10%
8 weeks design and carry out works.
$500.00 Rent before renovations, $700.00 P/W rent after renovations.

Client still owns and rents out the property, refinanced and took the cash to move to Singapore. Profits from a buy, reno and hold.

Client held the property for 5 years prior, then an appraisal / valuationbefore renovations in October 2015 works completed December 2015 valued / appraisal at the time of completed works.