Goodna QLD - Remote Renovation

 Location: Goodna, QLD

About: We have utilised our experience from our first renovation to complete another successful renovation, transforming a dated 4 bed 2 bath into a refreshed family home. The renovation included some challenges, including an unexpected termite damage repair. We sourced a specialised termite builder to fix the issue, ensuring it was correctly dealt with and done cost effectively also.  This renovation was a full interior and exterior renovation of the house, including landscaping. The property was sold at the first open home, receiving multiple offers above the asking price.

Type of Strategy: Cosmetic Renovation. 

Renovation Cost: $27,000 | Duration: 7 weeks 

Profit: Refinance, equity uplift plus rental income

Positive Cashflow $10,000 per annum Apr 2021

Profit: 190,000 Jan 2022, Sold for $540,000