Apartment buildingNewtown NSW
Apartment building · Newtown NSW
Newtown Apartment Renovation Increases Rental Income
6 weeks
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The numbers on this project
- Type
- Apartment building
- Build time
- 6 weeks
More details to come
What happened on this one
This one-bedroom apartment from the 1980s was unable to achieve market rental rates due to its age. A complete renovation transformed it into a two-bedroom unit. The project required only strata approval, with a construction period of 6 weeks, and the renovated apartment achieved a rental return of 9.9%.
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Same suburb, same type
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Sources: a builder published price is a contract price the builder chose to make public and the platform does not guarantee it. An owner reported price comes from the owner and the platform has not checked it. A declared cost is the estimate an applicant lodged with government and is not a contract price. The three are measured differently, so they cannot be compared directly. A figure marked "On the builder's website" or "Budget on the builder's website" was read as written from the company's own site and is not a contract price.