This property we purchased at auction for a discounted price. It was certainly not for the faint hearted. The backyard alone had more than 20 tonnes worth of rubbish. Water pipe, electricity, drains and sewer were all non existent, not to mention it required a mammoth renovation which included a new extension onto the existing house. We also sub divided the backyard to create a new torrens title allotment and build a new 3 bedroom 2 bathroom home.

-Purchase price: $338,000

-Total Project costs: $750,000

-Total end value: $870,000