Case Study - 1 Dellow Street, Acacia Ridge
WE LOVE A GOOD FIXER-UPPER!
This is the kind of story we love to share. Bought as basically an original post-war home, what drew them to the property was the elevated position and the amazing potential. Homes like these really do have “good bones” and can be brought well and truly into the modern era with relatively simple and inexpensive renovations. The owners of this property were first home buyers and renovated for themselves. This makes a big difference when it comes to the liveability of the home as a finished product. Thoughtful additions such as the island bench in the kitchen for added functionality, plenty of both directional and decorative lighting, and open shelving for homely displays have really improved this space. Modernising tiles and fixtures was the icing on the cake here, along with adding a dishwasher and the amazing new cooktop and oven.
In the bathroom, renovations applied here make the home attractive to a really great range of tenants. Families commonly like having a bathtub and always have plenty of things to store. This bathroom covers both bases here, all packaged in a sleek and modern room. At this property, the bedrooms and living area were given a few touch-ups to really freshen up and make the most of this light-filled position. The kitchen and bathroom, however, are the big ticket rooms where renovators are going to see their investment make the largest impact on the market. These are the rooms where potential tenants are going to be looking for functionality, cleanliness and presentation, especially when the asking rent per week is at the upper end for the suburb. This is where potential tenants will really see the value of renting your property over others, even in neighbouring suburbs.
This is where the value of a real estate agency invested in marketing really makes their value known. We invest in Premiere Listings on the major online real estate portals, passing on savings to our investors to advertise their properties with maximum exposure online. In addition to this, the Premiere Listing is displayed to potential tenants searching in other nearby areas. 1 Dellow Street, Acacia Ridge featured in the searches of neighbouring Pallara, alongside newly built homes at a higher price-point, holding its own with immaculate presentation and modern renovations.
In addition to marketing, our agency's focus is on the safety, compliance and presentation of the property. Our Utility Team carried out their Market Ready Inspection, identifying the necessity of gas compliance certification, drainage issues to be addressed and the importance of starting a new tenancy with a quality bond clean. Addressing these items has meant that the owners of this property were able to be assured that their future tenants will take up occupation of a property where they will be comfortable and not dealing with a myriad of issues when trying to get settled in their new home.
Following just two days on the market, and one inspection, an application was received from a professional couple relocating from Sydney. Originally searching in the Pallara area for a modern home, their searches online drew them to 1 Dellow Street, Acacia Ridge. With an abundance of open yard space, elevated leafy position, a generous floor plan including plenty of storage and a character-filled chamferboard home, this property really stood out to them. At $440 per week, this is $80 over the median rental price for Acacia Ridge but significantly better value than the neighbouring Pallara.
We love this story as it really does show the power of quality marketing. We have achieved a great result for our investors here, complementing all that hard work they poured into their renovation by showcasing their property with professional photography and detailed listing description. Securing quality tenants, with a very limited vacancy period is where our agency makes a difference. To check out the property listing, click here.