Warrane, TAS
One Asset. Two Income Streams. Built Through Execution.
Purchased: $530,000
Total Project Cost: $990,000
Initial Renovation: $20,000
Projected End Value: $1.3M
- Immediate rental income from day one
- DA strategy to unlock second dwelling
- Multiple pathways to create value and cash flow
Purchased at $530K, this Warrane acquisition follows a staged value creation strategy.
Phase 1 focused on a light renovation program including flooring and lighting upgrades to activate immediate rental income.
Phase 2 introduces a second dwelling at the rear through council approval and construction.
The outcome is designed to transform a single residential asset into a dual-income investment with stronger valuation and long-term cash flow.
Front dwelling: $650/week
Rear dwelling: $700/week
Projected outcome:
$1.3M valuation
$310K manufactured equity
This is the play.