A tired three-bedder on a rare 640m² corner — reworked into a four-bed family home in a tightly held pocket.
We've secured an off-market property at 14 Carraway Street, Brindle Park, with the intention to complete a full renovation and modest extension — taking it from a dated 3 bed / 1 bath into a 4 bed / 2 bath family home. The home sits on a generous 640m² corner block with established trees and a north-facing rear yard.
The property was purchased under market value. Recent comparable sales of similar homes in need of work have been trading around the $1.18m–$1.24m mark, giving clear headroom once the renovation is complete.
Held by the same family for decades, it has solid brick bones, large rooms and good natural light — a sound base for a considered, contemporary update.
| Acquisition | $ |
| Purchase price | 760,000 |
| Stamp duty | 41,000 |
| Legals & due diligence | 3,000 |
| Sub-total | 804,000 |
| Consultants & permits | $ |
| Architect / design | 3,000 |
| Surveyor / engineer / reports | 8,700 |
| Sub-total | 11,700 |
| Agent fees | 19,000 |
| Marketing & styling | 11,000 |
| Legals | 1,100 |
| Sub-total | 31,100 |
| Construction | $ |
| Demolition | 6,000 |
| Construction cost | 150,000 |
| Landscaping | 24,000 |
| Contingency | 18,000 |
| Sub-total | 198,000 |
| Holding | $ |
| Council rates & land tax | 4,200 |
| Interest — purchase & construction | 33,000 |
| Sub-total | 37,200 |
| Stamp duty | 5.4% |
| Agent fees | 1.6% |
| Interest rate | 9.0% |
| Project term (months) | 7 |
| Contingency | 10% |
| Address | Beds | Land | Sold | DOM |
| 9 Carraway Street, Brindle Park | 4 / 2 | 610m² | $1,225,000 | 22 |
| 3 Marlow Avenue, Brindle Park | 4 / 2 | 655m² | $1,240,000 | 19 |
| 18 Hollow Road, Brindle Park | 3 / 1 | 590m² | $1,150,000 | 31 |
| 6 Tanner Street, Brindle Park | 4 / 2 | 625m² | $1,205,000 | 26 |
| 27 Aldous Court, Eastvale | 4 / 2 | 640m² | $1,198,000 | 24 |
Comparable evidence supports a finished sale price around the $1.18m–$1.24m mark for a renovated four-bedroom home on this block size.
Secure the property with deposit and buyer's agent commission.
Design, engineering and building permit underway.
Settlement completes; site handed over.
Transform into a finished, contemporary home.
List to market with a strong sales campaign.