Coastal renovation delivers remarkable return for builder
A builder’s hands-on renovation project in Ocean Grove has resulted in an impressive $815,000 increase in property value, after the entry-level home was transformed and sold for $1.4 million. ATLA Construction purchased the three-bedroom house at 12 Somerdale Ave during the Covid lockdowns, undertaking a comprehensive coastal-inspired revamp designed to maximise liveability and street appeal.
Out-of-town buyers drive competition for Ocean Grove home
The renovated property attracted strong interest from buyers outside the local area, with three out-of-town bidders competing for the home. The winning buyer paid $1.4 million to secure the keys, reflecting the ongoing demand for quality renovated homes in sought-after regional coastal locations.
Renovation highlights and value-adding features
ATLA Construction’s revamp focused on bright, airy interiors, contemporary finishes, and seamless indoor-outdoor living features that resonated with buyers seeking a relaxed coastal lifestyle. The substantial uplift in value demonstrates the power of targeted renovations and professional expertise in unlocking a home’s potential.
Market trends: Regional renovations yield strong returns
The success of the Ocean Grove project highlights a broader trend in the property market, where strategic renovations in regional and coastal areas are delivering significant capital gains. Builders and homeowners alike are capitalising on buyer appetite for turnkey homes with modern design and lifestyle features.
Renovation as a pathway to property growth
As demand for renovated homes in regional markets continues, industry experts expect more builders and investors to pursue similar value-adding projects combining construction know-how with market insight to achieve standout results.
