10+% growth in 12 months

Geelong and surrounds are moving.

<humblebrag>
We bought this place last year and reno-ed prior to leasing.

6 Walpole Avenue, Belmont, Vic 3216 - View Sold History & Research Property Values - realestate.com.au (the main photo is post-reno, but the link somehow contains both before and afters). However, the rent isn't quite what we were after.

This place (pre-reno) round the corner sold last week for 10+% our buy price, in less than 12 months.

58 Kidman Avenue, Belmont, Vic 3216 - Property Details
</humblebrag>

Fits in with what other Geelong-ites have been saying (@Dave3214, @G TOWN and others) about Geelong on the move.

 

Hi, what did you spend approx to do it up ?

Do you want to do a few love jobs for me

 

Post reno photos look fantastic!

Any thoughts on the vacancy rate in the rental market? Did you find it difficult to find a tenant for your property?

 

We spent about $30k, which was about $5k over budget - just had a couple of surprises come up. No time for any love jobs sorry!

Thanks, we're happy with the outcome. We originally listed it for $370, dropped to $360 after about 2 weeks, and started to get some interest, however, all the applications were very poor. Finally had to go to $350 and got what appeared to be a great tenant on paper, but she has done nothing but pick at things since day 1! She's settled down now, and at least the rent is paid on time.

 

Great reno! Sorry, is it for sale now, or are they photos from the rental ad?

 

The after photos are from the rental ad. Not sure how realestate.com got them combined.

 

Love the renovation that you did, may I ask what did you do to the walls inside the house? Were those wallpaper, paint?

And did you happen to switch around the sink and bath tub positions?

 

Well done! Not surprised about that kind of growth, heard today that the greater Geelong median price has risen 5.9% since September 2016. You gotta be happy with that

 

@wobbycarly Love that bath! Any idea what make it is?

 

@sigi, it's the "Aqua" from Highgrove.

Aqua Freestanding Corner Bath LHS 1700mm | Highgrove Bathrooms

We used one in our PPOR. Costs a little more upfront than the typical bath, but there's less tiling and no need to build a frame, etc. I was able to put it in myself, and then just get the plumber to connect it.

 

Looks great! I used to live in the house over the back fence in the pics!!

There is one around the corner up for auction this Saturday that I had been keen on, but I have decided on something else. It comes with plans and approval for 2 x 2 bed two story units in the back yard. Will be interesting to see what it goes for.
16 Nott Street Belmont Vic 3216 16 Nott Street Belmont Vic 3216 - House for Sale #124684118 - realestate.com.au