At Miles, we know that a well-presented property attracts quality Renters and drives higher rental returns. Through our Miles Concierge service, we offer tailored solutions to prepare properties for lease - whether it's a simple refresh or a full-scale renovation.
Here’s a look at two very different approaches recently delivered by our Concierge team - each with impressive outcomes for our clients.
Case Study 1: Smart Spending for Increased Returns
Property: 2-Bedroom Unit in Rosanna
Budget: $8,738
Project Timeframe: 5 days
Increased Rental Return: Pre-weekly rent was $370 increasing to $477 post renovation. A total of $461 per month increase in rental return.
This property required a quick turnaround and a budget-conscious plan. The previous Renter had vacated, and the Owner wanted to improve the property’s appeal without overcapitalising.
Scope of Works:
- New window dressings
- Modern carpet replacement
- Kitchen flooring upgrade
- Installation of updated light fittings
Within just five days, the unit was refreshed and ready for the market—resulting in a significant lift in rental return and stronger interest from quality applicants. This low-cost update shows that even a modest investment can yield meaningful results when strategically executed.
Case Study 2: Full-Scale Renovation for Long-Term Growth
Property: 3-Bedroom House in Heidelberg
Budget: $49,653
Project timeframe: 4 weeks
Increased Rental Return: Pre-weekly rent was $410 increasing to $720 post renovation. A total of $1,347 per month increase in rental return.
After a long-term tenancy of 15 years, this home needed more than just a cosmetic touch-up. The property underwent a full renovation to bring it in line with current market expectations and maximise its long-term rental yield.
Scope of Works:
- Full internal and external repairs and repainting
- Electrical and plumbing upgrades
- New window furnishings and finishes throughout
- Updated lighting, flooring, and hardware
- Garden tidy-up and landscaping
The result was a high-impact transformation that dramatically improved the presentation, liveability, and appeal of the property—leading to a substantial increase in rental income.
Why Choose Miles Concierge?
Whether your property needs a light refresh or a full-scale transformation, Miles Concierge delivers:
- Obligation-free quotes
- Time and budget guarantees
- Trusted trades and professional project management
- Faster turnaround and reduced vacancy times
Our Concierge service is designed to take the stress out of property preparation and help you unlock the full potential of your investment and maintain your asset to the highest standard.
If you're considering upgrades - big or small - get in touch with the Miles Concierge team to arrange a free consultation. You might be surprised by what’s possible, even on a modest budget. Contact Fiona Feely on 0438 847 787 concierge@milesre.com.au who will be delighted to assist you.
