Final Update:
Unfortunately, was unable to get any decent photos because tenant moved in before completion, so have attached best interim photos I had
Was very surprised about how quickly the agent managed to find a tenant, especially in this tough area, and at such a high rent
A fair few hiccups along the way, such as the builder ripping me off and walking out and having to hire another one to fix his mess, and a break in, and the tenant moving in before works were completed, etc. etc.
Final Figures
Purchase Price: $37k
Reno: $33.5k
Rent: $260 pw