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

$39,169

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.

$24,684.60 (-10.96%)
Equity @80%

$390,000 (-1.18%)

Current Value

Braddon, ACT

21/16 Batman Street

April, 2018

Ownership From

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

SNAPSHOT

 

Tenant

Tim Cook & Tim Graham

 

Lease Expires 

30th September 2020

 

Insurance Provider

HSBC

 

Policy 

Landlord

 

In Force

10/05/2021 @4pm

 

Current Maintenance

Nil

Tenant Requests

Nil 

Keperra, QLD

60 Doorey Street

Feb, 2019

Ownership From

$12,800 (-55.48%)
Equity @80%

$615,000 (-3.14%)

Current Value

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

SNAPSHOT

 

Tenant

Michelle Campbell & Rainer Kruse

 

Lease Expires 

29th March 2021

 

Insurance Provider

It's Insured

 

Policy 

Contents & Landlord

 

In Force

12/02/2021 @4pm

 

Current Maintenance

Nil

Tenant Requests

Nil 

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Mile End, SA

22 Ebor Avenue

Mar, 2020

Ownership From

$130,664.30 (0.00%)
Equity @80%

$644,900 (0.00%)

Current Value

Recommended
Renovations

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COSMETIC

2 Weeks

Before leasing the property we organised for the interiors to be re-painted to create a more presentable and consistent interior feel, creating an immediate impact on the internal presentation. To further enhance the interior of the home cosmetically, we could undertake a simple re-design of the main bathroom by taking some space from the study to create a larger bathroom, which would also be renovated, including re-tiling, an updated shower, the potential for a bath and new vanity. A basic cosmetic update of the kitchen could also be undertaken at the same time by opening up the dividing wall to the study, re-tiling wet areas, updating appliances adding an engineered stone bench-top and new cabinet doors. Externally, a re-spray of the corrugated roof and re-paint of the external timber-work could be completed to create more street appeal, this could also be completed as part of the properties maintenance schedule.

Bathroom Renovation:

$35,000

$20,000

Kitchen Update

External Paint and Roof Respray

$12,000

Post Reno Valuation

$650,000 - $660,000

STRUCTURAL

16 Weeks

Because the home has already undergone a structural renovation in the past, there would be value created by re-configuring the wet areas and dining space in the home. This would require significant work and assessment of the load-bearing structures within the space. The idea would be to utilise the current space encompassing the laundry, kitchen, study and both bathrooms. Space would ideally be opened up to enable the kitchen to have a larger more open feel, with a natural flow to the living space. The main bathroom could be redesigned to keep easy access to the bedrooms with the laundry, and the second bathroom relocated to a more convenient space - maximising the natural flow of the home. This could potentially include an extension into the current carport, relocating undercover parking forward of its current location.

Re-design and Construction of Wet Areas (excluding extension)

$85K - $100K

$120,000 - $160,000

Re-design and Construction of Wet Areas (Including extension and Carport)

Post Reno Valuation

TBC

Equity @ 80% LVR

TBC

SNAPSHOT

 

Tenant

Michelle Poppy Waterford

 

Lease Expires 

12/05/2021

 

Insurance Provider

It's Insured

 

Policy 

Contents & Landlord

 

In Force

24/02/2021 @4pm

 

Current Maintenance

Nil

Tenant Requests

Nil