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6-month flip in Western Sydney

This student was rewarded with a $35,000 profit

Purchased in March 2016 by Cosmetic Renovations For Profit graduate Virginie, this freestanding weatherboard home was ripe for a cosmetic renovation. She purchased it for $495,000 by private treaty in the outer western Sydney suburb of Campbelltown.

 

 

The following “cookie cutter” works were done:

  • new paint to all rooms and external walls,roof and garage walls
  • new lighting,
  • brand new kitchen with new appliances,
  • new bathroom,
  • adding an additional bathroom,
  • remove carpets and polish floor,
  • removal of a wall to make open plan

 

 

“I learnt so much from Cherie’s bootcamp, from pre-purchase all the way through to completion,” says Virginie. “I really love how everything in the course is so organised and I can just proceed step by step; it was really easy to follow the program.”

The purchaser who bought it from Virginie immediately rented the house out for $550 per week.

 

 

FINANCIALS

  • Purchase date 10 March 2016
  • Purchase price $495,000
  • Renovation spend $56,000
  • Sold price $625,000 in September 2016
  • Estimated profit $35,000

 

 

Cherie-Barber_Renovating-For-Profit_Graduate-Virginie-Campbelltown-NSW_Bathroom-After
Additional bathroom
Cherie-Barber_Renovating-For-Profit_Graduate-Virginie-Campbelltown-NSW_Backyard-Before
Tired backyard
Cherie-Barber_Renovating-For-Profit_Graduate-Virginie-Campbelltown-NSW_Backyard-After
Ready to entertain

 

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