How much did this renovation cost?

Hi, looking at a house in Pascoe Vale, VIC this weekend. Looking up the sale history, found it was only bought last year and renovated. Curious as to how much you think they spent on the renovations:

After ESR $965K - $1.065K:
https://www.realestate.com.au/property-house-vic-pascoe+vale-136323098

Before, Sold Mar 2020 $910K:
https://www.realestate.com.au/sold/property-house-vic-pascoe+vale-132934430

 

It’s mostly cosmetic… so I think ~$30K.

 

Yea, nothing too major. From what I can tell it looks like:

New floors
Kitchen benches, cupboards and appliances,
Exterior paint
roof painted
Remodeled bathroom
Close off hallway
Interior paint
Minor landscaping

You think that would be about $30K? I'm guessing they would have done it themselves or had the right contacts

 

Without seeing the property physically, the exterior doesn’t look done to me.. just a tidy up. I think it’s been photoshopped because if you look carefully at the roof, it’s still the same faded colour.
With the kitchen.. it doesn’t look high end to me (I could be wrong as I can’t see the finishes). For e.g those bench tops could be laminate rather than stone or marble. Bathroom is tiny.. so it looks good, but nothing has been moved around.
Deception is created as it’s been styled really well.. but all it is is a new kitchen and bathroom, paint and new flooring.
It’s been a few years since my last kitchen and bathroom reno.. but $30-$40k all up would be my guess.
I am curious to know what others think.

 

About $40-$50k depending on quality of the fitout (stone vs laminate bench, hybrid vs bamboo floor etc)

 

$25k if they did it themselves.
$35k if they paid trades individually and project managed themselves.
$50k if they let a builder do it.

 

This is probably accurate.

 

The house sold for $1.14 million. So not a bad return for their efforts

 

There is a also market movement which probably is a bigger contributor.
Look at how much it would have sold for without the reno
Look at how much it would have sold for with reno, but with no market movement.

Otherwise it could look like a $10k reno returned $200k.

 

Thanks neK, yea definitely think the market has moved in a year as well

 

Also have to figure in $35-40k in stamp duty on purchase, and $20-30k agent fees to sell

 

This part of Melbourne is absolutely scorching. Having bought there some years ago, the gains I'm seeing are superb. My property has basically doubled in 5 years and there is still more to come.