In a property market as sizzling as Byron Bay’s a renovation can add a string of zeros to your sale value.
And Dream Listing Byron Bay actual property agent Braden Walters isn’t any stranger to that idea.
Stream episode of Dream Listing Byron Bay at no cost on 9Now.
In Episode 1 of Dream Listing Byron Bay, which you’ll be able to watch at no cost on 9Now, Braden confirmed off Glen Ferney Farm a property that was bought again in 2020 for $2.7 million.
Braden invited actual property protégé Adam Jones to point out him across the property.
Looking round, Adam was blown away and thought the Glen Ferney Farm should be a brand new construct, however he was very flawed about that.
“Believe it or not its a 120-year-old house,” Braden revealed.
The agent defined that since its buy in 2020, the home has undergone a $300,000 renovation.
“They [the owners] have done such an amazing job,” Braden mentioned.
”When we first bought this for them, the whole grounds were all overgrown. It needed a lot of repair work.”
Braden defined that as a substitute of a complete knock down and rebuild, the house owners gave the unique property a makeover.
“They’ve used basically the bones of the house and made what was old, new again,” he informed the cameras.
“It’s like a brand new house.”
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The renovated home now options good black floorboards, Caesarstone benchtops and gasoline cooktops.
“This is an entertainer’s dream now,” Braden raved.
Braden was sure the $300,000 renovation would repay and he hoped to get a high-end purchaser for the property as there’s “nothing else like it” within the Byron Bay space.
Adam guessed they might promote it for a value within the mid $6 million mark, whereas Braden thought a value of $7.5 million was in attain.
“What’s that? About a million for every hundred grand they’ve spent,” Adam calculated.
Glen Ferney Farm’s worth sky rocketed from $2.7 million to an eye-watering $7.5 million in simply two years – that is a whopping revenue of virtually $5 million.
And it isn’t a foul value for Braden both who could make as a lot as $120,000 in fee for promoting the property.
Not solely is the home breathtaking, nevertheless it’s in a reasonably enviable location.
“You’ve got one Hemsworth up on the hill and you’ve got the other Hemsworth down by the beach,” Braden beamed.
“Who doesn’t want to be nestled in between those two guys?”
Watch ‘Episode 1’ of Dream Listing Byron Bay to see the complete renovation end result and discover out what the property bought for ultimately.
Stream episodes of Dream Listing Byron Bay at no cost on 9Now.
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