Citi Living renovation in Grange doubles value of Queenslander for owners

16 Sep Citi Living renovation in Grange doubles value of Queenslander for owners

We love to share our successes and this is a great example of our work on the renovation of this Queenslander in the Brisbane suburb of Grange. The transformation of this previously dated property helped the owners realise a 224% profit after selling it earlier this year, after purchasing it in March 2019. 

Yes, the property market in Brisbane has been on a run since the pandemic and lockdowns – but there is a lot to be said for renovating for profit and doing it right!

Let’s take a closer look at the property and how we achieved this fantastic result for our client. 

Suburb profile and sales history: 71 Lanham Avenue, Grange 4051

Situated on a generous plot of 405 m², the Queenslander has a floor area of 166 m², with 4 bedrooms, 2 bathrooms with 2 car spaces and generous outdoor areas, including a swimming pool at rear.  

For some perspective on property values in the area, according to realestate.com.au data the median house price in Grange is currently $1,560,000 (September, 2022), and values have grown 28.9% over the past 12 months. Dig deeper and look at comparable 4 bedroom properties in the suburb and the median price is slightly higher, at $1,800,000. 

This makes the sale price – $2,600,000 – achieved in May 2022 all the more impressive. This is an increase of 224% over the three years and two months the owners held the property – and were initially expecting to get $2.1 million for it.

How do we explain this exceptional sale price they realised?

Our team out in the hard yards and renovated this Grange property completely, including updating and refreshing all the key spaces in the home – including the bathrooms, kitchen, bedrooms and study. The addition of a pool in the backyard, and modernised outdoor areas also transformed the property, while the presence of a granny flat with courtyard also adds considerable value to the property overall.

Why renovate with us in Grange?

If you are looking at a renovation in Grange, or any other inner city suburb of Brisbane – take the time to consider our wealth of knowledge and experience, whether you want a small makeover or a major refurb. Key points in our favour include:

• 20+ years in the Brisbane construction market.
• Family run business without large overheads so our pricing scheme is incredibly competitive.
• Hands on approach to all projects and clients.
• High degree of efficiency and professionalism.
• Strong focus on delivering quality, affordable housing solutions.
• Communication prioritised with clients throughout every stage of the construction and development process.
• Process all necessary documentation including council approvals, certifications and relevant insurances.

Gerard and the team understand that renovating can be a complex and time consuming process, especially for busy families. To overcome this, we put in the hours prior to construction to ensure that the renovation is a smooth and stress free process that is both time and cost effective.

Thinking of renovating your property in Grange? Contact us today on 0418 735 861 for a quote or fill out the form and we will get in touch asap!