Family Relocation to Brisbane
Client Brief:
Client: Family of 4 relocating from Canberra
Budget: $800,000
Objective: Secure a large block in The Hills district with potential for renovation
The Property Search:
The client's primary goal was to find a home located on a spacious block that offered a strong connection to nature. They were particularly interested in The Hills district, known for its tranquillity, large blocks, and proximity to parks, schools, and family-friendly amenities. Their ideal property would need to offer both space for outdoor activities and potential for future improvements. The family was open to purchasing a property in need of renovation, provided the asking price was right.
Given the client's budget of $800,000, the challenge was to identify a property that not only met their space requirements but also allowed budget renovations to increase both the liveability and value of the home.
The Purchase:
After an extensive search we identified a property that fit the client's criteria perfectly. The home was a charming, well-loved 3-bedroom, 2-bathroom residence on a generous 810m² block, offering dual street access. The property had been in the same family for many years and was in need of a makeover, presenting the perfect opportunity for the client's vision.
Property Details:
3 bedrooms, 2 bathrooms
810m² block with two-street access
Needed a cosmetic uplift
Positioned in a quiet, nature-filled area with access to local amenities
· Purchase price: $705,000
Renovation and Value Appreciation:
The renovation plan was focused on maximising the property's potential by modernising the interiors and creating a separate rumpus room for the children which could also house visiting guests. The family envisioned a spacious and functional home that would blend seamlessly with its natural surroundings. Key renovation elements included:
Updating the kitchen and bathrooms to bring them in line with modern designs
Upgrading flooring, lighting, and general finishes for a fresh, contemporary feel
Creating a downstairs living space for their children which would also double as guest accommodation, with bathroom.
The estimated renovation cost was $100,000, which the client felt was a sound investment to bring the property up to its full potential.
Upon completion of the renovations, the property’s new valuation was estimated to exceed $1 million, marking a significant increase in value thanks to clever buying and value adding upgrades. The property not only now met the family’s needs but also represented a strong financial investment moving forward.
Conclusion:
This purchase represents a successful case of securing a home that aligns perfectly with the client’s needs while staying within their budget. The decision to purchase a property in need of renovation allowed the family to make changes that greatly improved both the functionality and aesthetic of the home, all while adding considerable value. The property is now poised to provide the family with both a comfortable living space and a solid financial return.
The combination of a strategic purchasing strategy, thoughtful renovation, and the inherent value of the land has resulted in a great outcome for our clients, demonstrating the benefits of purchasing a property with potential for growth in a highly desirable location.
Client satisfaction – these wonderful clients continue to refer family and friends.
At Tina James, we are committed to helping our clients achieve their property goals and make confident decisions. Contact us to learn more.