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No the plan isn't to do that. Only a single family or couple.

Yup I have. 3 bedroom townhouses in the area go for about $380-$400pw give or take (minus about $30 during the slow periods, regardless of size or condition). But they are 3 bedders, 2 baths, in very good (newish) condition with all the facilities that come with being in a complex. There's...

All good tips, didn't even think about the cooker. It's in superb condition so I wasn't going to touch it, but visually it's old as hell so I may replace it on this basis alone. As for the BIR's, yeah that was my plan too. They are sooo ugly.

Where do you think I should put the AC? I figure 1 x in the living / kitchen, and a fan in each bedroom.

Good tip! You're right maybe this is all I need to do...:)

Yeah I thought so, I'd plan on calling it a 2 bedder and let the photos sell themselves.

I don't even have it yet, settles next week. I did some research and during the peak times (Jan / July) it should fetch about $350-360pw. Now that the market is slow I would think about $310-330pw.

Thought I'd reach out to the brains trust on this: http://bit.ly/1QNWqCt It's a small block - 405sqm, so a granny flat won't be possible. What I'm thinking is I could remove the walls from downstairs (currently a thin veneer of asbestos), put up proper walls, a door and make a bedroom out of...