Sure does! Good on them, but it sure takes some level of foresight to even spend close to a $1m on it to start with.
Absolutely - it would have been easier to knock it down. I agree quite a different level of skill required here, not only building but engineering and vision comes into it. I'm impressed.
Awesome job.. I'd love to do the same, but would be divorced if I bought something like that.. I knew I was onto a winner when I saw an East Brisbane house containing toilet waste in the Kitchen and piles of rubbish in each room. I was forbidden to buy it.. but someone else made a motza
Impressive work but unless there are specific architectural features of the existing home you want to preserve, why bother. Looks like more of a promotional exercise / publicity stunt. $ / sqm of that Reno would have been far more than a new build. Great result though.
Do that DIY for $300k and then you'd be talking I can't see that being worth $3 million. Maybe very low 2's.
I wonder how much it would have cost including labour and the end margin if the purchaser wasnt a builder. Sounds spruiky to me.
It looks awesome now! Looks like a very high level of finish. But surely they could have knocked it down and rebuilt for cheaper? What was the block worth? Or as others have said is it a bit of a demonstration of their skills. I had the chance to buy a hoarder house recently. I didn't because it was too expensive and need full stripping. I read online that the smell would soak into the gyprock and it would have to be removed! This has proved my thoughts
it looks great but the article keeps on going on about adding $2m in value, so did it add $2m or become $2m, $840k +$1m build is $1.84m already
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