How Much Value Does a Renovation Add to This Investment? | WHAT DO YOU THINK, CHRIS? | Ep 108

January 17, 2022

24/53-55 O’Brien St Bondi Beachhttps://www.realestate.com.au/sold/property-apartment-nsw-bondi+beach-137703786We purchased for client for $1.455mRented previously $650pw = 2.32%With reno $800-$900pw pending summer/winter cycle = 2.9% – 3.2%PROS• Great potential to renovate and add immediate value• Fantastic location just footsteps to shops, cafes, transport & beach• Sundrenched combined living/dining flowing to balcony• Two good-size bedrooms, both with built ins• Clean and modern kitchen with adjacent laundry room• Bathroom with separate bath and shower • Top floor apartment at rear of block • Lock up garage CONS• Low yield at $650pw so a renovation is required to maximise investment • Top floor walk up so not suited to downsizers For more content, chat and property tips, be sure to find me:Facebook:https://www.facebook.com/ChrisGraySydneyInstagram:https://www.instagram.com/chrisgrayempireBook a free, confidential mini strategy session with our property expert Luis Lequerica:https://calendly.com/yourempire/15minOr simply, get in touch with us today on our contact page to discuss your requirements.

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