Morphett Vale SA renovation

Hi,

Thought I'd write about my most recent purchase. It's in Morphett Vale which is in the southern suburbs of Adelaide, about 3km from the beach and about 30 mins from the city along the nearby Southern Expressway. It's within walking distance of a large shopping centre, bunnings, train station and everything you'd need.

I first spotted the property online from interstate (Canberra), but since it was in such bad condition the ad only featured external pictures of the house. I had my dad go peek through the windows to see the internal state. It caught my eye because it was priced significantly lower than surrounding properties (because of the condition it was in).

I had been dealing with @Corey Batt to release equity from my Canberra properties. I approached him to ensure I could proceed with the purchase.

Based on this I made an unconditional offer to purchase the property prior to the first open. The agent proceeded to run the open which I heard had 21 other offers presented. My offer was not the highest, but I was able to offer unconditionally and with 3 weeks settlement which secured the deal thanks to @Corey Batt 's hard work.

The purchase was handled remotely however I took 3 weeks off work to travel to Adelaide to complete the renovations. I obtained pre-settlement access to commence renovations and was pretty much finished 1 week post settlement.

Numbers:
Purchase: $190,000
Stampduty & Legals: ~$8,000
Electrical (new switchboard, partial rewiring, external & internal lighting, kitchen appliance installation and smoke detectors): $2,400
Plumbing (new toilet & laundry tub installed, kitchen sink replacement): $850
Painting (internal and external): $1000 materials, DIY by Dad and Me)
Carpet: $3,900 supplied and installed to 3 bedrooms, 2 hallways and a lounge room.
Tiling: ~$3,000 supplied and installed to kitchen, dining and splashback.
Kitchen: ~$5,500 supplied and installed
Appliances: $630
Guttering and downpipes: $450
Gyprocking: $500
Curtains and Blinds: ~$500
Turf: $1,000 (including rotary hoe hire, DIY laid)
Garage door repair: $60
Total: ~$20,000

Value afterwards: $275,000 (desktop, could be higher if full)
Rent afterwards: @D.T. appraised at $300 per week

External photos are in this post, internal ones are in subsequent.

Front of house before:




Front of House after:




Back of house before:


Back yard during:

Back of house after:

 

Keep the photos coming! I love a good before and after

 

That's a lot of work done in 3 weeks.

 

Kitchen before:



Kitchen during:


Kitchen after:

 

Looks great,
that kitchen was revolting, it's sad to think how some people were last living in this house.

 

Laundry before:


Laundry after:

 

Loungeroom & dining before:

Loungeroom & Dining after:

 

Changing toilet seats and cleaning up previous muck really is the worst thing and would put so many people off. Did you do the kitchen yourself?

 

Hallway before:

Hallway after:

 

Bedrooms before:


Bedrooms after:

 

Whole toilet was replaced. Cleanup throughout house was awful.

No, kitchen was done by an installer and the cost was included above (@Corey Batt recommended a place in Adelaide with quality, good value kitchens and they recommended an installer)

 

I heard that it was previously owned by a family with little kids. Disgusting.

 

OMG, toilet revolting, the good thing is you did not get your hands dirty the best renos IMO

So what equity did you access 80%. 50k???

What's your next project?

mtr

 

Nice work. The kitchen transformation was great. Not sure how people can possibly live like that

 

Nice job

I just did a small cosmetic reno myself.

 

Great job Nemo, you packed a lot of renovation into $20000 it looks great

 

This is pretty inspirational! And for only 20K holy hell.
Why did you go for carpet & tiles over floorboards?

 

inspiring stuff here,

 

Awesome congrats. lets not forget the power of Property Chat people !

 

Who says you can't make money in Adelaide