I actually don't know the prices for the area, except that they are high, and people will pay a premium because of the proximity to churchie.
You say you could put your hand through the wall and that the "panelling" has termite damage. Do you mean the VJ? If so, then as long as the damage wasn't too bad, it is relatively easy to just replace the VJ boards that are affected. At least the little blighters cannot hide"behind" VJ because it is a single skin so any damage is easily seen.
If I was looking at a renovation, I can see maybe $2K or so to replace the steps (guessing here, going on what we paid recently to replace stairs) but that is purely cosmetic.
I would rip up the carpets, and have the floors polished (allow about $3K depending on whether any boards need replacing).
I would paint the inside myself (I have had plenty of practice
). Cost of paint maybe $600 to $1K.
Kitchen floor looks like it dips badly towards the outside wall, but I think that could be the photo. If not, then re-stumping would have to be allowed and cost would depend very much on how many stumps need replacing.
Last place we did (also an old queenslander) had this same kitchen and we painted it and replaced the benchtop (with laminate flooring - looked great until we replace the kitchen). Not ideal, but if the budget didn't allow a few thousand for a new kitchen, it would look heaps better with some paint and new handles. A freestanding stainless stove lifted our kitchen and brought it into the 21st Century.
Last bathroom we did cost us probably $1K for bath, toilet, basin, mixer, glass screen. Plumbing not included in that price. We did it ourselves except the plumbing, so the cost was low.
If I was looking at having to replace more than a third of the stumps, I would consider lifting the house to give future potential to build into the lower area. Then the stairs would have to be done, and the back stairs too. This would mean new plumbing and electrics, but by the looks of the house, these would need replacing anyway.
I would guesstimate $10K to $15K to pay a painter for the external painting, but hard to see just how big the place is. It doesn't look that big, but what is saved on the sanding costs, would probably be spent on primer because those boards would suck the first coat up like a sponge
.
So, depending on how much termite damage, it could be fixed up ready to rent for not a lot of money because these old "ladies" just need a new lick of paint to look fabulous. Queenslanders are tough old biddies, very hard to do much damage to them.
I know this is going to sound silly, but part of the appeal of that place is that it looks derelict. It would not be nearly as appealing painted. It is like finding a gem in an antique shop.
