Purchased at $635K, this Mornington acquisition is a straightforward value-add opportunity.
The strategy focuses on a targeted renovation program including kitchen, bathroom, flooring, and landscaping to reposition the asset and unlock additional value.
With an estimated renovation budget of $40K and projected valuation around $750K post works, the asset demonstrates how disciplined execution can create equity without relying solely on market growth.
Simple strategy. Clear numbers. Strong outcome.