Tammy, a VIP Flight Attendant to some of the globes biggest names, doubles as a budding property entrepreneur, behind the scenes, when she’s not in the air. Still in her mid-thirties, she’s got 5 properties to her name and the tenants in her Collingwood property have just given notice. Should she invest some cash to improve the rental yield? Can she bump up the property value to create additional equity to push her into her next property deal? Can Australia’s top renovator, Cherie Barber help Tammy achieve both goals in just 6 days?

RENOVATION STRATEGY:

Complete internal & external refurbishment, on a tight budget, to:

• Increase the rental yield;
• Attract a rental tenant at a premium price, immediately post renovation completion.
• Uplift the property value to create additional equity for the property owner.

Property Value Before Renovation: $620,000

Renovation Budget: $24,909 including GST

Renovation Timeframe: 6 Days

Property Breakeven Point: $644,909

Property Value Post Renovation: $675,000

Uplift in Property Value: $30,091

Weekly Rent Before Renovation: $475.00 per week

Weekly Rent Post Renovation: $580.00 per week

Uplift in Weekly Rent: $105.00 per week