Does anyone have experience renovating the original Narrabundah workers cottages?
If so, any advice? For instance, do you know:
- How close to the front boundary you can extend
- How hard/easy it is to extend from the steel frames
- If asbestos removal ends up costing a fortune, etc?
I know that due to the steel frames and truss roof, none of the internal walls are structural and thus re-organising internally wouldn’t be too hard.
My husband and I are thinking about buying a very rundown original three-bedroom cottage. If we can get it close to the land value (I know a really run down one recently sold for just $50,000 over the land value) which is around $400,000, and invest about $100,000 (slightly extend forward to add extra bedroom, rearrange internal walls, renovate to basic kitchen/bathroom) in renovations.
That brings a total cost of about $500,000-$550,000, which is slightly under what they seem to be selling for in better condition. Am I dreaming?