What is the cost of this architectural rebuild?

Hi,

First poster here & still finding my way around.

A house on my street (Lane Cove, Sydney) was sold 2 years back for about $1.2M. It was a relatively cheap as it’s on a Main Street and not a huge block of land (350 square meters). Here’s what it looked like 2 years ago.

Over the past 12 months I’ve watched the owners rebuild and really impressed with the new house which is currently on the market - listing here.

Will be interesting to see what this one sells for but also wondering if anyone has any idea of how much a knockdown and architectural rebuild like this would costs? $500k? $750k? $1M?

Thanks all, looking forward to contributing to this forum more

 

Not sure they need 4 toilets!

 

@Blouveld - your link isn't working. Linky

I haven't noticed the finished product on my travels but it does look good. The side street is narrow and there's limited on street parking.

This isn't a project home, WFG cost would be approaching $800k

Comps on the purchase would show this was sold very cheaply, even considering the sub-par land size, it was possibly $200-300k below my expectations for the location. LCW has been performing strongly for several years with alot of KDR action.

If it sells above $2.4, I'd be surprised in this market but there'd be a few dollars left on the table.

 

Here is the original - 78 Centennial Avenue, Lane Cove, NSW 2066
https://www.realestate.com.au/sold/property-house-nsw-lane+cove-129036158

 

Very small block