Consistently higher resale values

Kalka 43 Wilden Street Paddington Renovation kitchen
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As with any spend on your property, return on investment is paramount.  Will it stack up if or when you eventually sell the property?

So how can you ensure a higher resale value?  Our General Manager, Drewe McCredie outlined his top three:

  • Design and quality are paramount, homes that look great, feel great and just work for everyday family life.
  • Experience – There are plenty of challenges building across Brisbane – the typography of the city with small, narrow and sloping blocks, character overlay restrictions to name just a few. Working with a builder who has experience dealing with these challenges will help to avoid budget blow outs which will ultimately affect your ROI.
  • Advice – This ties into experience, but you need good advice. Where does the value lie in your property?  Should you renovate, should you knock down and rebuild, should you sub-divide?

We’ve taken a snapshot of some of the inner city, small lot (homes on 450m2 or less) small-lot homes we developed in the past few years – and over the past four years, capital gains to Kalka properties sold have averaged at a growth of 21%.

43 Wilden Street, Paddington. 

An extensive custom renovation project in collaboration with Shaun Lockyer architects and Kalka.  This property sold in September 2013 reaching a record price at auction.

Sold September 2013 – 11% capital gain

41 and 43 Reading Street, Paddington

Sub division of a block into two small lots of approximately for two 4 bedroom, 2,5 bathroom homes.  These properties are within a Traditional Building Character Overlay area, and the slightly modified facades Augusta and Ellanora were chosen for their compliance with this zoning.

41 Reading St Sold May 2013 – 38% capital gain

43 Reading St Sold March 2014 – 38% capital gain

57 Tranters Ave, Camp Hill

A knock down and rebuild project on to create a 4 bedroom, 3 bathroom home with a Muirfield façade.

Sold January 2016 – 20% capital gain

84 Jean Street, Grange 

Winner of the 2016 HIA National Project Home of the Year

Knock down rebuild project to create a 4 bedroom, 2.5 bathroom home featuring the Oakmont façade.

Sold June 2016 – 21% capital gain

37a Piddington Street, Ashgrove 

Sub division and knock down rebuild.  Small lot development using a ‘Wentworth’ façade, this 4 bedroom, 2.5 bathroom home was sold 6 months after completion.

Sold October 2016 – 20% capital gain

 *Based on a selection of Kalka Development and Client projects built and sold from September 2013.  Brisbane property prices have risen 4.2% in the past 12 months.