EILDON ROAD, WINDSOR
Original
- Existing 3 flats built circa 1970s
- Close to public transport
- Condition un-renovated
- Unsecure storage and laundry area downstairs
Research
Our research indicated:
- The area consisted of predominantly house buyers, and 3 bedroom units were a less expensive option of entering that market
- The existing units were producing a reduced ROI due to their condition and the condition of the entire block
- The downstairs area currently had underutilised space
Solution
With our solution we:
- Created an extra 3 bedroom unit downstairs, which added value and utilised the previously unused space, while securing the laundry and garage areas
- Renovated the existing units and block achieving an increased ROI in excess of current market standards
- Customised the look and feel of the block to the current trends of the area increasing its appeal and desirability
WINDMILL STREET, TARRAGINDI
Original
- 4 Existing 2 bedroom, 1 bathroom units
- Area is a quite, residential A with good quality housing
- Area consisted of families and single professionals who share
- Condition un-renovated
Research
Our research indicated:
- That by adding an extra bathroom to a unit in this area increased the returns by 20%, and was a desirable commodity for the single professionals sharing
- The area consisted of 60% house buyers, and 3 bedroom units were a less expensive option of entering that market
- The GFA on site was under utilised and could be expanded with no loss to liveability
- The existing unit complex was not in keeping with the local area and required an update
Solution
With our solution we:
- Renovated and added a bathroom to 2 existing units increasing returns and desirability with the sharing professionals
- Renovated and added a bedroom and bathroom to the other 2 existing units, increasing returns and desirability for sharing professionals and people wanting to enter the housing market
- Renovated the outside of the complex to bring it inline with the surrounding area and utilized the remaining GFA with increased garage and storage facilities
LAKE STREET, CAIRNS
Original
- 8 Existing 2 bedroom units built circa 1970’s in masonry block
- Units unfurnished
- Condition un-renovated
- Open unsecured yard area
- Complex close to city
Research
Our research indicated:
- That fully renovated flats close to the city where in high demand for renters who only stayed for seasonal work
- Security of the complex and having secure communal facilities was of high priority to these renters
- Renters wanted fully furnished as they were seasonal workers
- Current units were achieving sub standard rents and occupancy rates
- Additional market for holiday makes was available
Solution
With our solution we:
- Totally renovated the existing units and complex
- Ensured the complex look and feel was in keeping with the local area and provided secure communal facilities by adding fencing and a remote front security gate
- Added a furniture package to each unit increasing the rental returns and desirability for the seasonal work market
- Added a new stream of income to the complex with holiday makers who wanted good quality fully furnished accommodation
LOTHIAN STREET, ANNERLEY
Original
- Two blocks consisting of 4 flats and 5 flats
- Condition un-renovated
- Close to public transport and facilities
- Area is popular for small apartments
Research
Our research indicated:
- That both complexes had large amounts of underutilized GFA
- The area consisted of smaller units providing affordable housing close to public transport and public facilities
- The area was popular with people seeking close to city living at affordable prices
- On street car parking is limited and an issue in the area
Solution
With our solution we:
- Obtained DA approval to added a total of 6 new units over the existing ones, increasing the complex returns and providing additional affordable housing
- Provided solutions to address all construction and fire issues
- Provided additional onsite car parking to help alleviate on street parking issues
- Provided real ROI increases while keeping rent and prices affordable
WILLIAM PARADE, FAIRFIELD
Original
- 4 existing 1 large bedroom flats
- Condition un-renovated
- Close to parks and transport
- Area has renovated Queenslanders, large parks
Research
Our research indicated:
- The area was popular with, and suited, people who wanted to live the out door life style
- The current flats had large underutilised bedrooms
- The current flats had no out door living areas
Solution
With our solution we:
- Created 2 bedrooms from the existing 1’s, increasing returns without diminishing life style
- Added secure out door living areas with the use of decks and courtyards
- Renovated outside to match the local area environment
BUTE STREET, SHERWOOD
Original
- 3 Existing 2 bedroom flats
- Condition un-renovated
- Open unsecured area
- Complex within walking distance to train line and shopping complex
- Area popular with renters and owner occupiers
Research
Our research indicated:
- The complex had under utilized GFA
- Renters and owner occupiers desired to live in areas with secure communal facilities
- The current complex was out of character with the surrounding area
- The existing units were producing a reduced ROI due to their
Solution
With our solution we:
- Created an extra 3 x 2 bedroom units on top of the existing ones utilizing the spare GFA and increasing returns of the complex
- Renovated the existing flats to a quality standard increasing their return in line with the additional units
- Renovated the outside to bring the look and feel of the complex in line with the area and environment
- Secured the complex with fences and a remote security gate, providing secure communal facilities and children safety
FISHER STREET, EAST BRISBANE
Original
- Existing un-renovated cottage
- Permission to relocate cottage
- 675m2 site with narrow st frontage
- Inner city suburb
Research
Our research indicated:
- The site is close to public facilities, including transport and hospital
- The site is close to shopping and services
- A unique design would be required to maximise the site for our client requirements
Solution
With our solution we:
- Created 6 units with 2 carparks
- 1 unit being fully-adaptable, 1 being semi-adaptable and 4 units being non-adaptable
- This unique design utilized the GFA while maximizing the livability and maintaining the existing suburb character
OTHER EXAMPLES OF SOLUTION HIGHLIGHTS
For further information please contact us.
FISHER STREET, EAST BRISBANE
COYNE STREET, SHERWOOD
WESTON STREET, COORPAROO
KILLEEN STREET, NUNDAH
SHERIDAN STREET, CAIRNS
