Masterchef Strikes Again In Newcastle
This is not the first time our Reno Rockstar has appeared on the page of our success stories.
Back in 2016 Nikki started her renovating journey with us as a head chef in some of Sydney’s most renowned restaurants. Like all careers in hospitality she was sick of the long hours and wanted her weekends back. So she decided it was time to explore another one of her creative passions, renovating. She knew pursuing the dream of renovating and “flipping houses” would require her to knuckle down, get educated and serious about it. She was 100% committed to making it happen.
Nikki has been a consistent action taker and is currently starting her 4th renovation in three years. She has applied a high flow strategy (airbnb) to one of her properties which has increased her income exponentially. She has even been featured in the Newcastle Herald as a top Airbnb Superhost and recognised for all of her efforts. Being an accomplished chef , there is not doubt that she wows her guests with her personal style of hospitality which often comes in the form of a delicious bowl of homemade minestrone.
Today we will share the next step in her renovation journey and I am pleased to share that she has had amazing success once again. While I write this blog she is currently completing her next renovation with her joint venture partner in Newcastle.
Two bedroom, one bathroom home in Islington NSW
This property was Nikkis and her husband Carlos’ third project since joining the school of renovating. The property was was bought in 2009 as their family home for $210,00 and had been rented out for several years.
Their plan was to renovate and sell to fund her next their next project.
Nikki’s husband is a builder and she says, “It is a bit of a double edged sword when you are doing a reno with your husband because we each want to do things our way and it can get really frustrating. We always end up with a great result though so it’s worth it.”
Ikea bathroom vanity and wardrobes. Nikki said, “Yes they take time to put together and parts are sometime missing but the money you save is really worth it. We had a high end finish on everything and the quality of the Ikea cabinetry really fit in.”
How Long Did The Renovation Take?
Purchase Price: $210K in 2009
Renovation Costs: $75k
Sale Price: $675K in 2018
You have to remember that capital growth needs to be factored into this as the market in Newcastle has risen dramatically.
A. Well we are already underway with our next project, this time Nikki has teamed up with a fellow WonderWoman from The School Of Renovating. We are super excited as this is going to be super quick and we have actually already started demolition!
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