We are thrilled to share yet another inspiring success story from our Renovation Mastery community. In today’s blog, we want to introduce you to the dynamic duo, Felicity Walker and Steve Cook, whose incredible journey transformed a property in Lilydale, Victoria, into a masterpiece.
Meet Felicity & Steve - A Complementary Partnership
Felicity and Steve, both passionate renovators, joined forces after meeting at a property event. They discovered the magic that happens when complementary skills merge. Together, they embarked on a joint venture that showcased their expertise and creativity.
Transforming a Property in Lilydale:
Felicity and Steve’s vision was clear: they aimed to source a suitable property for a cosmetic renovation, avoiding major structural changes. Their goal was to split off the backyard, obtain council approvals for a new unit, and sell both properties. Their chosen property, located in Lilydale, held great potential.
From Ordinary to Extraordinary:
The pair worked tirelessly, utilizing their unique skills. Steve, with his hands-on expertise, tackled the physical work, while Felicity managed the administrative aspects. The transformation began with strategic changes: opening up spaces, incorporating open-plan living, and enhancing natural light. Simple yet impactful choices, like light-colored interiors and modern finishes, breathed new life into the property.
Turning Investment into Profit:
Here’s the breakdown of their investment –
- Purchase Price: $617,000
- Associated Costs: $38,000
- Renovation Spend: $74,000
- Subdivision Costs: $65,000
- Other Expenses: $110,000
Total Project Costs: $250,000
Sales Price: $983,000
Get in Touch!
For those of you seeking renovation inspiration, guidance, or collaboration, we encourage you to explore Felicity and Steve’s work on their website: propertyreimagined.com.au. Felicity’s expertise is not just limited to her own projects; she’s available for consultations and joint ventures, ready to help you achieve your renovation dreams.
Felicity and Steve’s success story highlights the transformative power of renovation, the importance of partnership, and the profitability of strategic investments. Their journey from envisioning a dream to turning it into reality is a testament to their determination and skill.
Thank you for joining us for another edition of our student success stories. Stay tuned for more inspiring tales of transformation. Until next time!
Listen to Felicity & Steve’s ‘More Than Renovating’ Podcast episode:
This blog was written by the RARE team
Team RARE are passionate about renovations, interiors and
sharing our favourite DIY tips and tricks with our community.