Before and after: unit block listed for millions after renovation

first_img47 Palm Avenue, Surfers Paradise is on the market for $2 million after a renovation.A SAVVY vendor has listed an entire Surfers Paradise apartment block for more than double its purchase price, after snapping it up then flipping it in a drastic renovation in the space of a year. Property records show the Budds Beach block changed hands for $945,000 in March, 2017 — it’s now listed for $2 million. Out with the old. Every single unit underwent a makeover. And after its transformation. There are three apartments included in the listing. It’s now much more modern and tasteful.“The property has a beautiful alfresco outdoor entertaining area, swimming pool and off street parking for three vehicles,” the listing states.“(It) is ideal for any investor looking for a good return on investment in a great Gold Coast position.”center_img The living area in the ground floor apartment has been renovated. And in with the new.More from news02:37International architect Desmond Brooks selling luxury beach villa19 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe listing includes a four-bedroom apartment, two-bedroom apartment and one-bedroom studio on a lowset, 458sq m block. According to the listing, the renovation was “eclectic styling with a splash of modern retro”.Timber floors and functional designs feature throughout, while the largest apartment has an outdoor entertaining area and balcony, and the two-bedroom option overlooks the communal pool. One of the living areas before. City views are offered from this bedroom.Approximate rental returns at the property range from $475 per week for the studio to $900 per week for the four-bedroom apartment, while the properties could attract between $110 to $400 per night on Airbnb.last_img read more