Wanting to Manufacture Value & Increase Cashflow

We purchase this property on rectangular subdividable land opposite a reserve pre auction.

We managed to renovate the ancillary dwelling to make it completely private and be able to rent it out separately to the front house for $400/week.

The front house was refreshed slightly and was rented for $510/week.

There are key things to consider before doing this but we were able to guide our client on this to make it a smooth transition.

The Figures

• Purchase Price: $680K

• Renovation Costs: $40K

• Weekly Combined Rent: $910/week

• Value Now: $900K