Coastal Rejuvenation
Client Name:
Lynda
Client Occupation:
School Principal
Client Location:
Singapore
The Brief:
Our client is an Australian expat residing in Singapore. She engaged Milk Chocolate to provide a full renovation feasibility on her existing investment property on the Central Coast of NSW. Afterwards, we would be looking for prospective tenants to rent out the newly renovated property.
Purchase Reason:
Investment Property
Property Address:
Wamberal, NSW
About The Property:
4 Bed / 2 Bath / 2 Car - 556 sqm
The property is nestled away in a quiet, tranquil and slightly hilly region of Wamberal. The house itself presents well from the street and has cute curb appeal. Over the years you can see how the area has grown up - literally. There's a real sense in the area that owner-occupiers are cashing in on the recent property boom and using their equity to renovate and update their homes.
We have recently completed a 10-week renovation, that included:
A new kitchen and appliances
Fully renovating 2 bathrooms & Laundry
Adding new floorboards downstairs
Staining and sanding original hardwood floors upstairs
Balcony refurbished and updated
Fresh paint internally and externally (including roof)
Replace carport colourblind roof
Updated lighting throughout (internal and external)
All door hardware updated
New AC unit upstairs
Ceiling fans installed in the top three bedrooms
New wardrobes in bedroom
New staircase installed to access the downstairs living zones
New stacker door installed that opens up onto the large green open rear yard
Garden tidied and updated
Our Services:
• Detailed brief and confirmed requirements with a reverse brief to the client
• Commenced property renovation feasibility for our client
• Presented recommended renovations and ideas
• Liased with all necessary parties including the local council to gain DA approval
• Undertook extensive renovation on the subject property
• Searched for prospective tenants for the renovated property
Rent:
$610/wk
Gross Rental Yield:
4.53%