MILK BAR

This is your property hub, 'AKA' The Milk Bar. You will be able to access real-time data on your portfolio and individual properties. We will feed you information on what you can do with your current properties to improve value, but also, what your next move can look like.

Your  

Portfolio

PORTFOLIO VALUE
TOTAL DEBT
GROSS POSITION
ANNUAL RENT
RECEIVED
ANNUAL OUTGOINGS
ANNUAL (DEBT)/SURPLUS
AVAILABLE EQUITY @ 80% LVR

$25,028

MAXIMUM PURCHASE PRICE
NEXT PURCHASE RECOMMENDATION

Your  

Properties

Here we detail your individual properties and the stats that matter. We have also provided recommended renovations to your properties and the numbers post renovations.

$26,000

Equity @80%

$360,000

Current Value

Braddon, ACT

21/16 Batman Street

8 Months

Ownership Period

Recommended
Renovations

COSMETIC

2 Weeks

A quick and cost-effective cosmetic renovation to smarten this property will aid in extracting capital from the property. The kitchen and bathroom can be left as is, however, new carpet, a lick of paint, modern light fittings, handles and fixtures will quickly provide a nice modern feel to this property. To squeeze the return, laying floorboards (subject to body corporate approval) throughout the living zones will further provide a nice boost. This option would mean only the bedroom will be re-carpeted. Finally, pimping out the balcony will provide a really nice and welcoming second living zone. A strip heater will also ensure the zone can be functional 365 days a year.

Budget:

Circa. $15k

$430,000

Post-Reno Valuation:

Post-Reno Rent:

$460/wk

Equity @80% LVR:

$50,000

Keperra, QLD

60 Doorey Street

2 Months

Ownership Period

$595,000

Current Value

($972)

Equity @80%

Recommended
Renovations

COSMETIC

2 Weeks

Currently, the property is in a condition that can be leased with new bathroom and new kitchen in place. To add to the home would be to tidy and renovate the downstairs zone including the bathroom. It would also be ample opportunity to add a small kitchenette here that opens the possibility to lease this separately. If going down this path, we would recommend providing clear access points to upstairs and downstairs so they can be habited on two separate leases. This is a yield play as opposed to manufacturing equity. We have also recommended a structural renovation that includes this, however, with the structural option, we would not recommend leasing the downstairs zone separately, it will be a more effective approach to lease to one family.

Budget:

Circa. $20k

$615,000

Post-Reno Valuation:

Post-Reno Rent:

$450/wk + $300/wk

Equity @80% LVR:

$16,000

STRUCTURAL

16 Weeks

Given the land size and vista to the rear, the opportunity exists to extend to the rear of the property. This would allow the conversion of the current 3 bedroom format to a 4 bedroom, 2 living and 2 bath + a new double lock up garage to the rear. Currently, as we know the floorplan is a little pokey, however, by creating more space to the rear this allows ample secondary living zones, to take the pressure of the smaller rooms. During this process, you would also update the downstairs living zones with a new lower level deck and a new larger entertaining kitchen. The end result will be a beautiful home to be leased to a young professional family who will in the property across both levels with a premium weekly rent rate attached.

Budget:

Circa. $200k

$850,000

Post-Reno Valuation:

Post-Reno Rent:

$650/wk

Equity @80% LVR:

$204,000

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