Where can you find the best renovated homes for sale in Canberra?
Renovations are continuing apace across the ACT as home owners take advantage of their equity, according to local agents.
Samantha Granter of Belle Property Canberra says many factors are in play.
“COVID has seen people spend much more time at home, and that has caused them to reflect on how they use their space,” she says.
“Increasing home prices have also made them consider staying in situ and renovating rather than selling up and moving.”
Granter says home owners are having their properties revalued and using increased equity to finance renovations.
“Increasing values have made that possible without over-capitalising,” she says.
“And renovations are easier to have approved than extensions, which can require development approval,” she says.
Michael Braddon of Blackshaw Gungahlin says renovations are occurring across Canberra and are not specific to any area.
“They are happening wherever people are making a commitment to a suburb and have the space to achieve what they want in a renovation,” he says.
“Certainly, they are likely to be close to schools, shops and other amenities.”
Braddon says a renovation appeals to home owners as they can incorporate all the features they’ve always wanted.
“The biggest challenge in the current environment is access to tradies and building supplies to keep renovations on schedule,” he says.
Braddon says completed renovations are attractive to buyers for that reason.
“All the work is completed – people can just move in and start enjoying them.”
- Windfall. Canberra’s rapidly increasing values have delivered windfalls through increased home equity. That extra value can be parlayed into funds to finance a home renovation with plenty of bling for kitchens and bathrooms.
- Pros. A renovated home is appealing to home buyers because they get everything they want in a home without having to go through the learning and experience curve in managing the process themselves.
- Cons. There are only so many tradies in Canberra, and building supplies are under pressure. Home owners undertaking their own renovations need to be mindful that schedules may not run to plan.
Check out our top pick of renovated homes on the market:
Red Hill
The secret to an outstanding renovation is in the vision, planning and execution. Get those elements right, and you have 8 Pelsart Street in Red Hill.
A comprehensive inside-out makeover was completed in 2020, meaning this four-bedroom residence is, effectively, bright, shiny new. And served up with a big dollop of luxury.
The home sits on an 853-square-metre block on one of Red Hill’s signature leafy streets, just 500 metres from Canberra Grammar.
A front courtyard wall delivers welcome privacy. Internally, the home opens up through a natural light floorshow thanks to raked ceilings and a north orientation in the main living areas.
The entry provides immediate options, including a formal living area warmed by an Ortal gas fireplace. Or you can head straight to the kitchen-dining-family hub.
The kitchen drips with brand bling, including a Qasair rangehood, four-burner Pitt gas cooktop, an integrated Liebherr fridge and plenty more.
The main bedroom suite has its own study, walk-in wardrobe and en suite. Two further bedrooms are adjacent. There’s also a guest bedroom with an en suite.
Comfort is delivered through tiles with underfloor heating and reverse-cycle ducted and zoned heating and cooling.
Outside, a rear deck provides the al fresco options, shaded and sheltered by dramatic sun sails.
The energy-conscious will appreciate a 9.9kW solar system with four storage batteries. A double garage offers the extras with loft storage, cellar, gym/bar and powder room.
Price guide: $2.8 million +
Auction: Noon, August 14
Agent: Belle Property Canberra, Samantha Granter 0402 507 902
Or try these:
Melba
Price guide: $1 million +
Auction: 10am, August 14
Agent: Blackshaw Gungahlin, Michael Braddon 0408 446 793
Queanbeyan
Price guide: $880,000
Private sale
Agent: White Rhino Property Queanbeyan, Gavin Van Zyl 0429 269 260
Chisolm
Price guide: $800,000 +
Auction: 10am, August 14
Agent: Belle Property Canberra, Rachel Walsh 0431 390 998
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