Why renovators are still hot property

50 Dilgara Street, Tugun is a renovator’s delight.
The bathrooms aren’t finished and the kitchen isn’t installed but that hasn’t stopped soaring interest in this renovator on the southern Gold Coast.
PropTrack data revealed 50 Dilgara St, Tugun, described as a “work in progress”, was the most clicked on Queensland auction listing on property portal realestate.com.au this week.
The partially renovated four-bedroom house goes under the hammer on Sunday through LJ Hooker Southern Gold Coast agents Jo Elwin and Jo Lynch.
50 Dilgara Street, Tugun goes to auction on Sunday.
The kitchen needs to be installed.
50 Dilgara Street, Tugun is a work in progress.
Ms Elwin did not comment on the reason behind the sale but said the buyer would be taking on an unfinished project that needed a lot of work.
“The property has been marketed clearly as a renovation project that’s not for the faint hearted,” Ms Elwin said.
“We’re meeting a lot of tradies and builders who have the skills and contacts combined.
“Its been mentioned a few times that properties such as this (in its condition) are a rare find.”
The bathrooms are not complete.
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The house, which last changed hands in 2017 for $530,000, features high cathedral ceilings and floor to ceiling windows.
“The interest has been very strong since the campaign launched and we’ve consistently has great numbers through the open homes,” Ms Elwin said.
“Jo and I consider this to be entry-level buying and the bonus is it’s located in one of Tugun’s most desired pockets.
“For this reason it is more accessible to buyers who may not have previously been able to consider a four-bedroom house in Tugun.”
Ms Elwin said she was excited to see who would end up with the keys at the auction and how they would transform the home to its full potential.
“Renovators have always been popular but this one has been outstanding,” she said.
The property goes to auction at 10am on Sunday.
60 Wagawn Street, Tugun makes a statement from the street.
60 Wagawn St, Tugun goes to auction on Thursday.
Just around the corner and another renovator in Tugun is being taking to auction on Thursday.
The property at 60 Wagawn Street, Tugun makes a statement from the street with its bright facade and green gutters.
It is on the market with John Parkes of Ray White Tugun — the house has been in the same family for more than 40 years.
Property records show the vendor paid $49,000 for it in 1981.

Inside 60 Wagawn St, Tugun.
“This property presents a blank canvas for creating your vision or embarking on a property development venture,” the listing states.
“Solid bones await your personal touch, whether you’re a skilled renovator or someone with a keen eye for property potential.
“Embrace the challenge and make 60 Wagawn St your masterpiece.”
The 539 sqm property offers glimpses of the ocean and is just minutes away from the beach, shops, cafes and restaurants.
The property goes under the hammer on Thursday, August 10.

The post Why renovators are still hot property appeared first on realestate.com.au.

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