An original-condition home on 810m² in one of Mitchelton’s best pockets, with sound fundamentals and an inefficient floorplan.
Our renovations team at Equity Projects delivered a targeted $100,000 scope: two new bathrooms, a new kitchen, flooring, painting, lighting, windows and an open-plan reconfiguration. The work was sequenced to land before the lease went to market, so the higher rent was tested with real applicants rather than argued for on paper.
Leased at $850 a week against an initial $600 appraisal, 42% above where the property would otherwise have sat. Purchased at $1.23M, it valued at $1.65M on completion. The owner now holds a fully renovated asset with no deferred maintenance ahead of it.







