A genuine value-add opportunity in the ever-popular Karingal estate, 29 Berberis Crescent is ideal for buyers, renovators and buyer advocates looking to secure a priced-to-sell property with clear upside.
Built in 1963, this solid brick veneer home sits proudly on a corner block of 564sqm and offers standout street appeal. Inside, the home is neat, tidy and well-kept, with three bedrooms, one bathroom, solid hardwood floors, carpeted bedrooms and laminate kitchen flooring. Long-term tenants have maintained the home beautifully.
Where the Opportunity Lies
The home is still on its original red-gum stumps, which have subsided in the centre, creating visible plaster cracking. Restumping is required - and we've already obtained formal quotes to make the decision easier:
Option 1 Entire Home
Full restump including permits, soil report & engineering
$26,400 inc GST
Option 2 Partial Restump (20 stumps)
$8,800 inc GST
A copy of the quote is available upon request.
For buyers wanting to add equity immediately, the scope of works is clear, costed, and straightforward.
Tenancy
A long-standing tenant of 20+ years currently occupies the home. He is exceptionally neat, respectful, and reliable.
Paying $465 per week - a genuine sweetheart deal well below market
Keen to stay on at the same rate
Vacant possession also available with a four-month settlement
Why 29 Berberis Is a Smart Buy
Solid 1960s brick veneer construction
Clear value-add potential through restumping & cosmetic upgrades
Corner allotment | 564sqm
Excellent tenant profile OR vacant possession
Off-market buying window before broader release
This is a rare opportunity to secure a home under market value, with transparent works required and an immediate pathway to increasing equity.
Re-stumping quote, price guide, and private inspection times available upon request.
Amateur walkthrough video link:
https://youtu.be/g1wRLqEDtms?si=0W3RR4lI4cf0HwRu
