Lauderdale, TAS
Renovation and Development Play with Coastal Upside
Purchased: $735,000
Reno + Furnish: $55,000
Current Valuation: $831,000
Projected End Value: $1.14M
- Bought below market with equity created at purchase
- Renovation + granny flat strategy to maximise value
- Coastal location with strong Airbnb income potential
Purchased at $735K, this Lauderdale property was secured below market value, with a current valuation of $831K, creating immediate equity.
The strategy focuses on a renovation and furnishing program ($55K total) to reposition the asset, alongside plans to add a secondary dwelling to unlock additional income and value.
Located just 400m from the beach in a tightly held coastal suburb, the property benefits from strong lifestyle demand and proven short-stay performance.
With projected Airbnb income of $70K and further upside from the granny flat, this is a multi-layered investment combining equity creation, income, and long-term growth.