Join Australia's most dynamic and respected property investment community

Renovating in Adelaide - DaveM gives a dated property a makeover

Discussion in 'Renovation & Home Improvement' started by DaveM, 16th Jul, 2016.

  1. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    Hi all

    I was thinking that it may be worth chronicling my current renovation on an IP I own in Adelaide's eastern suburbs. I bought this property at end of 2014 in Tranmere, an older suburb 6km north east of the CBD.


    Market research showed strong demand and future growth and I bought while the market was still relatively quiet. Predominantly 1950-1960 developed homes on large blocks (700sqm+) there is a lot of infill development with old homes being demolished and new houses built either on full or split blocks.

    On a 715sqm regular block with 19m frontage an no easements, it will be eventually demolished and 2 x 4br townhouses built on it. I had planned to do it this year but have put it off for a bit due to other commitments of time and money.

    Anyway enough blathering on from me, pics time!

    When I bought the property it was occupied by an elderly gentleman who was the 2nd owner. It was quite dated with little done to it since it was built in 1962, and the aim was to rent it as is until I went through the subdivision process.

     
    BLTN, Redwing, Taku Ekanayake and 3 others like this.
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    HUGH72 and Leo2413 like this.
  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    Called on @Corey Batt @DT and @Nemo30 to come give a hand, along with a 9 cube skip.. day of smashing and bashing and kicking and scraping, we now have the kitchen, flooring, curtains, dressing tables, bedhead, vanity and laundry tub out and ready to start prep on floor and paint.

    I removed the built ins from bedroom 3 as they were pretty ugly and made one wall totally unusable. Other two have built ins.


    We also got a good start on the yard and pruning back the trees and shrubs. Pics to come.

    Will keep thread updated as I go!
     
    MichaelMik, WattleIdo, EN710 and 4 others like this.
  5. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,816
    Location:
    Central West NSW
    Glad you left that lovely globe light-fitting.
    Hey, good house and great location. Will be following the reno photos. Lucky you have a team to call on.
     
    DaveM likes this.
  6. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,589
    Location:
    Adelaide, SA
    Pulling out the kitchen bench & cupboards and ripping up 3 layers of flooring (lino then lino then masonite) to find the floorboards was fun.
    IMG_20160716_134809.jpg


    Also pulled down the green house lean-to and pulled out some shrubs that were preventing side access.

    Excellent value buy @DaveM, great find :)
     
    WattleIdo, hobo and DaveM like this.
  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    Hahah lights are all coming out :p
     
  8. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,816
    Location:
    Central West NSW
    Good thing the floor boards were there! :p
     
  9. hobo

    hobo Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    425
    Location:
    FNQ
    I can't believe you removed those green tiles!!





    :p
     
    DaveM likes this.
  10. Foxdan

    Foxdan Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    115
    Location:
    Hills district, sydney
    What's the budget for the renovation?
    Is there no plan to develop the property for a long time now?
     
  11. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,781
    Location:
    Perth WA
    Lovely house! Especially Love the big windows and green tiles. Nice high ceilings too.
     
  12. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,431
    Location:
    Perth, Melbourne, USA
    Are you interested in sharing the deal/numbers and the area/not address of course?
     
    Last edited by a moderator: 17th Jul, 2016
  13. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    All up spending about 7k. I bought a perfectly aligned kitchen off gumtree in great condition with iag and miele appliances for $1400, rest is flooring, plumbing, paint and incidentals (skip, curtains etc).

    Developing it may be in another 2-3 years, as it was it was extremely hard to rent even at a low price, and a good reno will maximise rent and also allow reval and equity drawdown.
    Funny you say that, I have had quotes for carpet, floating floors and sand/polish and have not booked any until such time as I had the floors up and could look for damage/issues. I have worked off worst case costs in my budget, if I come in under, great.
     
    Last edited by a moderator: 17th Jul, 2016
    Perthguy and WattleIdo like this.
  14. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,347
    Location:
    4/136 The Parade Norwood, South Australia
    Great job. Looks awesome
     
    Perthguy and DaveM like this.
  15. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,816
    Location:
    Central West NSW
    I have several parts of the verandah now covered in with walls, ceiling etc. In one part there was masonite all broken etc. Underneath were partly eaten floorboards and lots of dirt. They're functional, however and I'll paint them myself.
    In the front part - the part I was going to return to verandah - the floor boards have been removed altogether and there's some kind of all weather chipboard there now. Won't bother getting the verandah back for now. Will paint the chipboard too.
     
  16. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    @WattleIdo was ^^ supposed to be in another thread?
     
  17. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,816
    Location:
    Central West NSW
    No. Talking about floor boards and what surprises you can find underneath layers of lino and masonite. :)
     
    DaveM likes this.
  18. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    915
    Location:
    Mackay, Qld
    These guys probably did all the work as it appears all you have done is walked around taking photos! :D

    pinkboy
     
  19. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    True @DaveM needs to add another line into his signature banner "Foreman":)
     
    pinkboy likes this.
  20. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,106
    Location:
    Sydney & Adelaide
    Well who else is going to buy the KFC?????
     
    Taku Ekanayake and pinkboy like this.