Primrose Sands, TAS
Renovation Play with Coastal STR Potential
Purchased: $425,000
Renovation Budget: $35K–$40K
Land Size: 569 sqm
Target STR Revenue: $50K p.a.
- Entry price below suburb median ($505K)
- Clear renovation scope to lift value and income
- Strong short-stay demand in coastal lifestyle location
Purchased at $425K, this coastal property presents a clear renovation opportunity in a lifestyle-driven market.
The strategy focuses on a $35K–$40K renovation to reposition the asset for short-stay demand, improving both presentation and performance.
With projected Airbnb revenue of $50K per year, the asset is designed to generate income while benefiting from long-term growth in a tightly held coastal suburb.
A simple execution: buy well, add value, and reposition for higher returns.