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Modernising exterior of Weatherboard House

Discussion in 'General Property Chat' started by TMNT, 8th Feb, 2016.

  1. TMNT

    TMNT Well-Known Member

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    75 Ballarat Road, Maidstone VIC 3012 - House For Sale - 2011966003

    ok, so I might be going in to partnership with a contact (quite well known here) in to this one

    obviously interior is a mess,
    however without pretty much demolishing, and judging by next door and the surrounds,

    how would go abouts modernising the exterior

    obviously repaint, new roof, or roof respray,
    however, I dont want it to still look like an old crappy house with a botch job,
    I want to make it look old but classy and historical, i guess like next door (green house)

    im relying on my partners knowledge here but want to have a few opinions and not go in blind
     
  2. wylie

    wylie Moderator Staff Member

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    Wow! Can this be demolished? I would think it much cheaper to start again than fix this.
     
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  3. Random Username

    Random Username Well-Known Member

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    My eyes aren't too good but is that WTF on the fence?
     
  4. Inov8ive

    Inov8ive Well-Known Member

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    I hope you are getting this very cheap. At a glance, that roof needs to be replaced- looks pretty rusty. The cladding looks pretty bad as well, the interior is probably full of asbestos. Electrical will need attention. Its on a main road. Looks a lot like a knockdown for me- sorry to be negative.
     
  5. Esel

    Esel Well-Known Member

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    image.jpeg image.jpeg image.jpeg Im pretty sure a builder would tell you it would be cheaper to knock down and start again.

    Looks like its also on a busy road? I love period homes and i think its a shame that the character of so many suburbs is changing, but even i would probably plonk a metricon type home on that block. Having said that, period homes have scarcity value, especially given the rate at which PCers are knocking them down.:p

    You could demolish everything but the front, patch up the facade, add some lace work or a wooden fringe to the veranda roof and insert a wooden window frame and it might look victorian/edwardian.
     
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  6. wylie

    wylie Moderator Staff Member

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    ... or build replica rather than modern?
     
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  7. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Woweee fire sale.

    If it's all structurally ok and worth it then I would

    3 colour schemes for you:

    Classic Grey
    Colorbond Basalt Roof
    Black window trim, window and front door (Dulux Caviar)
    White Cladding (Dulux Whisper White)


    Classic White
    Colorbond Surfmist Roof
    Dulux Lexicon Half Strength white trim and window frames and front door
    Dulux painted cladding (to match Porters Old Stone Wall)

    Classic Grey and White
    Colorbond Surfmist Roof
    Colorbond Monument gutters
    Dulux Tranquil Retreat Cladding
    Dulux Lexicon Half Strength trim, windows
    Dulux Caviar front door

    [​IMG]
     
  8. wylie

    wylie Moderator Staff Member

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    Looks like VTF to me, and that is without putting on my reading glasses :D.
     
  9. Biz

    Biz Well-Known Member

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    I reckon you might get another one of your special tenants in a noice place like that TMNT. ;)
     
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  10. Scott No Mates

    Scott No Mates Well-Known Member

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    @Westminster

    I was thinking more colours like charcoal, ash & soot black highlights.

    Too fiddly for 50 shades of grey.
     
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  11. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    No need to use Dulux rust effects paint either ;)
     
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  12. Lisa Parker- Buyers Agent

    Lisa Parker- Buyers Agent Well-Known Member Business Member

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    Hi TMNT, just out of curiosity, what portion of the land does the public acquisition apply to and what is it for?

    If it's for road widening down the track potentially, do you know if the owners of such properties are compensated well in the event VIC roads takes access?
    I don't know too much about how this process works. Heard it's going on with punt road properties in Prahran at the moment but not aware of outcome yet.
     
  13. MTR

    MTR Well-Known Member Premium Member

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    Would have thought the same. Cost more to renovate, easier to demolish and start again
     
  14. HUGH72

    HUGH72 Well-Known Member

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    Looks like a N.B. YouTube special :p
     
  15. albanga

    albanga Well-Known Member

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    That is a horror and we are talking Ballarat Rd. What is the end game with this property?

    I would be negotiating on land value minus demolition fees if I were you.
     
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  16. Bran

    Bran Well-Known Member

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    TLC?
    Total Level + Construction
     
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  17. neK

    neK Well-Known Member

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    Wasn't this link in the NB thread?
    All it requires is a lick of paint and there will be a instant equity gain of $200k. Easy as :p
     
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  18. TMNT

    TMNT Well-Known Member

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    absolutely, however, admittedly, I havent been following that market like a hawk so i dont have that many comparable sales

    alll the properties with land about 550sqm, with a house on it are quoting at auction, 520, 550, 560 560, 570
    however I dont know if these are all just underquoting specialists
    the only comparable sale I could find was this one
    Sold Price for 14 Grevillea Circuit Maidstone Vic 3012
    $580k for a TH half 60% sized land with a renoed house

    vendor for this property apparnetly is seeking high $500s, esp being on a main road too

    end game is either reno, revalue and earn $100k equity

    or reno, build another town house on the side and hold,

    I feel that at first glance, if you demloish and rebuild, it wouldnt make financial sense as it would have sold straight away
     
  19. TMNT

    TMNT Well-Known Member

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    hi lisa,

    land acquisition??? what have I missed?
     
  20. albanga

    albanga Well-Known Member

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    Hey @TMNT
    Something I had not considered was the zoning. I am familiar with Ballarat Rd as very commercial/industrial but obviously heading more into Maidstone it becomes residential.

    Do you see future scope for this changing? A commercial/residential development could be very profitable.