Bayview Court, Sorell, TAS 7172
13.4% Airbnb Yield + $185k Instant Equity from a Garage Conversion
Purchased: $815,000
Bank Valuation: $1,000,000
Renovation & Furnishing: $82,000
Forecast Airbnb Revenue: $134,000 p.a.
- $185k Instant Equity
- 13.4% Gross Airbnb Yield
- Garage Converted to Self-Contained Flat
This Sorell property was acquired below valuation and transformed through a smart garage conversion. The 42 sqm space was turned into a stylish one-bedroom unit, instantly boosting both equity and income. The result — $134k annual Airbnb revenue and 14% capital growth, all from a strategic value-add renovation.