Here’s an example “Add-Value” property that I recently purchased for an investor client:

Kardinya 3×1 corner block with subdivision approval

Great value house that simply needed paint, carpet & flooring, blinds, bathroom vanity and gardening. Purchased with conditional subdivision approval in a superb location.

Purchase price: $535,000

Appraised value: $560,000

Median house price of Kardinya: $660,000

Rent return: $350 per week (in original condition)

Land size: 784sqm

Distance to shops: 800m

Distance to Murdoch University: 2.5km

Distance to the train: 4km

Distance from Perth CBD: 14km

This style of property would be more suited for investors wanting higher growth, with slightly lower rent returns. Basic cosmetic renovations were done to boost the rental value and appeal of the property.