Latest news with #real estate
Daily Telegraph
a day ago
- Business
- Daily Telegraph
Wareemba family's agony after undertaking stunning renovation
Malcolm and Georgia Clark, with daughters, Sloane, 9, Elle, 6, are selling an upgraded home in Wareemba. Picture: Justin Lloyd. A Sydney couple who snapped up a somewhat tired semi in a competitive auction market back in 2017 have unveiled the jaw-dropping transformation of their Wareemba home into a serene family sanctuary. And now, heartbreakingly, they're moving on – for a reason that is becoming increasingly common across Sydney's soaring housing market. Georgia and Malcolm Clark bought the two-bedroom home at 345 Great North Road, Wareemba for what was then an 'entry-level price', with a vision to inject new life into the dated inner west property. 'The place had a lot of potential,' Ms Clark said. BEFORE: The home pictured in 2017, before the family bought it. AFTER: The home after it was renovated. The couple, who were just starting a family when they moved in, fell in love with the suburb's tight-knit community and peaceful charm. 'We picked Wareemba because it wasn't too busy but close enough to everything,' Ms Clark said. 'There was just a patch of grass out the back of the house and a Hills hoist. Now it's a lush green space.' Their backyard transformation is now the stuff of real estate dreams. With a west-facing yard that captures the sunset, and a spacious open-plan kitchen and dining area at the heart of the home, Mr Clark said it's the perfect haven for a young family. 'It's such a beautiful spot to spend time with the kids,' she said. 'But it's also got a lovely, well-sized master bedroom. There's really a bit of everything here.' Ms Clark said the yard was little more than grass and a Hills hoist when they bought it. They added trees to the back. But as their needs grew, so did the tough reality of Sydney's booming property market. 'The type of home we're looking for now, our forever home, it's just completely different to what we wanted in 2017. We're looking for more space. 'We love it here, it's got such a great community, but we've become priced out.' Their experiences expose a fundamental issue for many house hunters: property price rises have been so significant over recent years that they've become a barrier to selling. Those who sell often carry the risk they may not get back into their suburb of choice. Their agent, Antonios Kanis, said decades of price gains, while being an incredible wealth creator for owners, have come with a downside. 'Some homeowners want to move but can't because if they sold they wouldn't be able to get back into their own area. There's always a shortage of stock and that keeps prices high,' he said. The kitchen before the renovation. The kitchen pictured in its current condition. The Clark family is now eyeing a move to Sydney's northern beaches, but the decision to leave the community they love hasn't been easy. 'It's a delicate dance buying and selling in the same market,' Ms Clark said. 'We've got a Plan A and we'll see how it works. Timing for these things can be quite important.' Their renovated Wareemba gem, listed with Antonios Kanis of McGrath Hunters Hill, is expected to attract strong interest from young families hoping to enter the sought-after suburb – one of Sydney's smallest and most tightly held enclaves. 'Back in 2017, we went to auctions that went $200,000 or $300,000 over the reserve. It was intense,' Mr Clark said. 'We were lucky to buy before auction.' Ms Clark said the home would suit a young family. With recent interest rate cuts expected to fuel fresh demand, their slice of the inner west could now be worth far more than they paid, proof that vision and a little elbow grease can go a long way. 'It's a great spot,' Ms Clark said. 'We've loved it here.'
The Sun
2 days ago
- Entertainment
- The Sun
I've given my dated house an ‘Architectural Digest' level renovation – but people are baffled by the sellers' request
A WOMAN has left the internet baffled after buying a dated house. Jaci Smith, from the US, had purchased the home, but the previous owners begged her not to change a thing. 2 2 The young woman took to social media after she was told not to transform the property she had just bought. Some might assume the house must be of historical relevance or decorated lavishly to make the previous owners not want it to be changed. But Jaci showed that wasn't the case when she shared a picture of the bathroom. She said: "I post about the fact that the previous owners of the house we bought were begging us not to renovate the house, not to make any changes to it. "Number one, I think people assume it's rage bait. I wish it was number two, I think people also assume that the house that we bought is like a mid-century gem a house with so much historical character and that we are just these heartless people like ripping away this house." But Jaci showed that was definitely not the case. An image of the bathroom when they first moved in showed just how outdated and messy it looked. The loo and sink were covered in white, chunky wooden storage units that made the room outdated. The large storage units only cluttered the space, while a cheap mirror was hung above the sink. The bathtub was a chunky plastic white bath, with a showerhead hanging above. Shoppers urged 'not to blink' and get their hands on Home Bargains garden essential that sold out fast last time and it makes your garden extra cute - TikTok homebargainsofficialuk But now, Jaci showed how they had renovated the space. She ripped out the entire bathroom, swapping the once pink painted walls for an incredible blue tile with a marble effect. The chunky white bathtub had been gutted out and swapped for a luxury pink marble bathtub with gold finishing. She also made a built-in shelf into the wall by the bathtub to add extra storage. Jaci's transformation video went viral on TikTok @ jacimariesmith with over 2 million views. People were stunned the previous owners were against the house being renovated, and were in awe of Jaci's new bathroom. One person wrote: "The new bathroom belongs in Architectural Digest." Another commented: 'My immediate assumption: There's something hidden in the walls/floors." "As someone who does real estate settlements for a living. So many people are like this. And it is in fact, wild.," penned a third. Home upgrades that add the most value to a house The best renovation to add value totally depends on your property, the local market and your potential buyers. Zoopla shared a list of upgrades that will instantly add value to your home. Loft conversion - increase of 15% Off-street parking - adds £50,000 to property price New kitchen - increase of 15% Garage conversion - increase of 15% Cellar or basement conversion - increase of 10-15% Open plan living space - increase of 3-5% New bathroom - increase of 3-5% Meanwhile a fourth said: "That's crazy! Those are like 90's style rental bathrooms lol." "My brain went straight to... ooh well it's haunted. They were looking out for you,' claimed a fifth.
Daily Mail
3 days ago
- Business
- Daily Mail
Three-bedroom detached house on sale for £199k has a very unusual feature in the living room
A three-bedroom house has just gone on sale - but potential viewers will face a shock when they take a look at the living room. At first glance, this home in Bridgend seems like a typical detached property, boasting three floors and a garage on the side. And in the current economy snapping up the spacious house for £199,950 is a deal many buyers would think about making. On closer inspection, however, it has a very unusual feature that might not float everybody's boat. Embracing the area's proximity to the sea, this homeowner has hung an eight-foot shark on the wall. Taking to TikTok, @HousingHorrors took a peek at the terrifying interior decoration centrepiece, which boasts a blue and white design to match the walls. The detailed animal bust complements the old-fashioned diving suit which tops a bookcase in the room, but clashes sharply with an equally bizarre red model car. 'This is the b****y eight-foot shark. What the b****y hell are the owners thinking,' the TikToker said. 'Here's another angle of it and I need to zoom in. That is absolutely b****y huge, and not only that but there's also a photo of them, I'm assuming, diving. 'But also there's this weird car on the side here. I've never seen anything quite like this. 'It looks like there's some random figure with a bear on the side of it. Now, it's kind of cool, I don't mind it that much, but it is very very unusual. 'I suppose it's unique you could say.' The social media personality then pointed out that the model shark and accompanying retro car looked out of place alongside the relatively normal features of the rest of the house. But, in conclusion, the TikToker praised the mercurial design technique and at one point even joked, 'take my money'. He added: 'It's safe to say the absolute icing on the cake is definitely the eight-foot shark in the living room. 'I'd be interested to know what it's actually made of. I'm assuming it's fibre glass, I may be wrong, maybe plastic, but let me know what you guys think.' The rest of the living room consisted of a leather sofa and a circular mirror above a wood-burning stove. In another room, two leather chairs were decorated with tartan upholstery and a large portrait over another fireplace. One bedroom has been given a flash of colour by some olive green wall paint, while another features an unusual wooden four-poster frame. The property is described as dating back to the 1800s and being close to the M4 corridor. It lies on Cefn Glas Road in the Newcastle Hill area of the Welsh town and also boasts a garden.
The Sun
6 days ago
- General
- The Sun
Britain's most cluttered home hides disgusting secret as it hits market for £300,000 – would YOU put in an offer?
THE MOST cluttered home in Britain is now on the market for £300,000 after receiving a major makeover. Previous occupants had left it a mess both on the inside and out. 9 9 9 9 9 The two-storey semi-detached house located in Stoke, Plymouth is now on the market for double the price it was auctioned for in 2021. At this time, thick ivy could also be seen growing out of control on the home's exterior, wrapping around its side, along the roof and windows. Pictures previously revealed how thousands of beer bottles, cans, plastic bags, newspapers and other debris once filled its rooms. The floor was completely covered with carrier bags, milk cartons, old food packaging from the living room to kitchen, as well as upstairs. Some rooms were not even possible to access as debris piled on the floors and furniture. The house has now undergone a major transformation becoming a stunning family home, with three vibrant bedrooms and a modern kitchen. It follows its previous auctioning off in November 2021, where bidding started at £110,000. Despite the rubbish that had accumulated throughout the property, it received offers in £5,000 increments from buyers. A proxy bid finally brought the auction to £145,000. Following its makeover, the property is back on the market for just over double the price. Muireann O'Connell renovates home The current owner has turned the home into an ample living space with a large corner garden. There is also a large loft area above bedrooms two and three, which could be converted into a further two rooms with the necessary planning permissions. As the property description states: "Upon entering, you are greeted by a bright and airy open-plan lounge/diner, perfect for entertaining or relaxing with the family. "The newly fitted kitchen/breakfast room is a true highlight, boasting contemporary units and ample space for culinary creations." The property has also been given a new roof, plumbing, gas central heating and a complete re-wiring. On top of that, doors and architraves, skirting and some floors have been sanded back to their original wood. It is due to go on the market via Purplebricks after once being dubbed "Britain's most cluttered house". The Style Sisters Top 3 Decluttering Tips Charlotte Reddington and Gemma Lilly have over 15 years experience decluttering and organising celebrity homes... Out with the old, before in with the new "It may sound a little ruthless but a one in, one out rule in your home and wardrobe can be effective to avoid over accumulating items in your home," they said. "It can also make you more mindful about the purchases you are making." Categorise and contain "In any space, however big or small – from a utility room to your make-up box - organising items by category is the perfect way to keeping super organised," they said. "This allows you to know exactly where everything is and what you've got. "Plus, it will make it super easy for the rest of the household to put away and keep tidy." Storage, storage and more storage! "Storage is key, especially if space is an issue in the home or if the room is used for items like storing toys for children," they said. "Consider decorative storage baskets, side boards with plenty of storage or even a media wall or bookshelves with doors." 9 9 9
Yahoo
26-05-2025
- Business
- Yahoo
Eldeco Housing and Industries Ltd (BOM:523329) Q4 2025 Earnings Call Highlights: Strong ...
Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Eldeco Housing and Industries Ltd (BOM:523329) reported a significant increase in realizations per square foot, growing by 32% year on year. The company successfully launched its luxury product, Trinity, which contributed to higher realization per square foot. Eldeco Housing and Industries Ltd (BOM:523329) aggregated 50 acres of land on New Jay Road in Lucknow for a new integrated township project. The company declared a higher dividend of 4450% despite lower profit after tax, reflecting confidence in future profitability. Operationally, the company achieved significant milestones, with collections growing by 105% year on year to INR253.9 crore. The company faced delays in approvals and launches, resulting in a decline in fresh area booked to 5.1 lakh square feet from 7.8 lakh square feet last year. Operational margins remained low due to the recognition of revenue from the Imperial phase one project. Net profit margins appeared to decline due to front-ended sales and marketing expenses for recent launches. Fresh bookings were about 15% lower than guidance, primarily due to delayed launches of Hanging Gardens and Skywalk. The company anticipates a slowdown in real estate demand and sentiment across the country, which may impact future sales. Warning! GuruFocus has detected 5 Warning Signs with BOM:523329. Q: What is the current status of the Eco Trinity project, and how is it performing in terms of sales? A: (Chairman and Managing Director) The Eco Trinity project is progressing as expected for a luxury project. We anticipated a slower sales velocity due to its high-end nature. Currently, about one-third of the units have been sold, which is satisfactory given the project's stage. We expect it to be fully sold by the time construction is completed. Q: Can you provide an update on the land aggregation efforts and future project launches? A: (Chairman and Managing Director) We successfully aggregated 50 acres of land on New Jay Road in Lucknow for the El Leco Solano Gardens project, which has a gross development value of about INR1,000 crore. We plan to launch this project in phases, starting with plots and villas, followed by multi-storied apartments. Q: How do you plan to utilize the cash reserves, and will there be an increase in debt for business development? A: (Chairman and Managing Director) While we have a strong cash position, much of it is tied up in project-specific escrow accounts due to regulatory requirements. We anticipate an increase in debt primarily for business development, as we do not rely heavily on loans for construction financing. Q: What are the expected margins for the upcoming projects, and how will they impact financial performance? A: (Chairman and Managing Director) We expect gross margins to be around 40% for the Imperial Phase Two project. Overall, we anticipate margins in the early 30% range across projects, contributing positively to our financial performance over the next few years. Q: Are there any plans to expand beyond Lucknow, and what is the outlook for the local market? A: (Chairman and Managing Director) We are exploring opportunities in Gorakhpur but remain focused on Lucknow due to its under-supplied market. The local market benefits from infrastructure upgrades and government investments, although there is a general slowdown in real estate sentiment nationwide. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
