Revitalizing Geelong’s Public Housing: A Remarkable Turnaround

Revitalizing Former Public Housing in Geelong: A Turnaround Success Story

In a remarkable revitalization project, a former public housing property in Geelong has been completely transformed, thanks to the efforts of a couple in the building trade. Located at 15 Redstone Court, Whittington, the three-bedroom house has undergone a whirlwind renovation that includes a new kitchen, bathroom, laundry, flooring, glazing, and guttering.

From Neglect to Opportunity

When it was first listed in April, the property was in a dilapidated condition, with boarded-up windows and graffiti-covered interiors. The last occupants were squatters who had to be chased away by the police. Entering the market with an “as-is” condition, the property attracted buyers who saw its potential as an ultimate makeover project for renovators.

Ultimately, the property was purchased for $350,000 in May by a couple experienced in turning properties around. They wasted no time in breathing new life into the house, completing the entire renovation in just 60 days. The vendors, armed with their skills and connections to various tradespeople, have touched almost every aspect of the property, ensuring a comprehensive transformation.

A Complete Overhaul

The renovation of 15 Redstone Court involved both exterior and interior improvements. On the outside, the roof was reboarded, gutters were replaced, and the entire exterior was repainted and caulked. All the glass was also replaced, giving the house a fresh and modern look.

Inside, extensive work has been done to create a comfortable and contemporary living space. The vendors installed vinyl plank flooring throughout the house, added carpet in the bedrooms, and gave the entire house a fresh coat of paint. The old kitchen and bathroom were entirely removed, making way for brand new fixtures and fittings. Downlights and ceiling fans were installed, and the ceiling was dropped and replaced. Additionally, a bit of panelling was added to the lounge, enhancing the visual appeal of the space.

The Potential for Profit

Having undertaken this comprehensive renovation, the vendors are now looking to capitalize on their efforts. The property has been listed with a price guide of $469,000 to $515,000 by Harcourts North Geelong agent Eric Ly. The transformation of 15 Redstone Court is a testament to the potential for profit in revitalizing former public housing properties.

Editorial and Advice

The revitalization of 15 Redstone Court stands as an inspiring example of what can be achieved when individuals take it upon themselves to invest in neglected properties. Not only does this turnaround project contribute to the aesthetic improvement of the neighborhood, but it also highlights the potential for profit in reimagining former public housing.

With a shortage of affordable housing across the country, particularly in urban areas, the revitalization of public housing properties presents a valuable opportunity. By transforming these often neglected dwellings into modern, livable homes, individuals can not only provide much-needed housing but also contribute to the revitalization of local communities.

Moreover, for those looking to enter the real estate market, investing in former public housing properties can prove to be a strategic and profitable move. These properties often come at a lower initial cost and provide an opportunity for substantial returns on investment through renovation and resale.

However, it is essential that such revitalization efforts are undertaken responsibly and with consideration for the broader community. Collaborating with local housing agencies, involving community members in the decision-making process, and prioritizing long-term affordability are crucial aspects to ensure the sustainability and success of these projects.

Ultimately, the transformation of 15 Redstone Court in Whittington serves as a beacon of hope, illustrating the potential for positive change when individuals invest in neglected properties and communities. Through responsible revitalization efforts, we can not only create more affordable housing options but also contribute to the overall well-being and vibrancy of our cities and towns.