Hi Somersofters,
We are looking to purchase our first IP and have found one that we are looking to make an offer on. It needs a bit of a cosmetic reno but has some great potential. Our only other concern is it only has one bathroom and is located in a very family oriented area, and we are wondering whether its worth considering turning the current bathroom + toilet into two separate bathrooms (toilet in each).
Have attached a VERY rough sketch but essentially the bathroom and separate toilet are right next to each other. Thinking of knocking down the wall between the two and erecting a new one which divides the new space into two.
Obviously we would have to get council approval and confirmation we are not knocking over a structural wall. Assuming this is all good though...
- what kind of cost would we be looking at for this?
- is it pointless to have two bathrooms that are identical next to each other? From a reval perspective, it might be sufficient, but not sure if it would have any impact on potential tenants (given neither would be an ensuite)?
- we considered turning the one on the right into an ensuite but unfortunately it's next to the smallest of the bedrooms. All bedrooms are down the one hall, with the bathroom.
- approximate room of the current bathroom + toilet (combined) is 1.8m x 3.5m so new bathroom would be 1.8m x 1.75m - is this too small for a bathroom? I don't think we would have enough room for a bath either which I think would be quite important in a family area.
- although difficult to compare, 3x2 v 3x1 seem to be getting at least another $50k in purchase price.
- another hurdle is a window that takes up the length of the bathroom, how easy is it to erect a wall that effectively would cut the window in half?
In short, should we even be considering this as an option or is it simply not worth it? (or is the space way too small)
We are looking to purchase our first IP and have found one that we are looking to make an offer on. It needs a bit of a cosmetic reno but has some great potential. Our only other concern is it only has one bathroom and is located in a very family oriented area, and we are wondering whether its worth considering turning the current bathroom + toilet into two separate bathrooms (toilet in each).
Have attached a VERY rough sketch but essentially the bathroom and separate toilet are right next to each other. Thinking of knocking down the wall between the two and erecting a new one which divides the new space into two.
Obviously we would have to get council approval and confirmation we are not knocking over a structural wall. Assuming this is all good though...
- what kind of cost would we be looking at for this?
- is it pointless to have two bathrooms that are identical next to each other? From a reval perspective, it might be sufficient, but not sure if it would have any impact on potential tenants (given neither would be an ensuite)?
- we considered turning the one on the right into an ensuite but unfortunately it's next to the smallest of the bedrooms. All bedrooms are down the one hall, with the bathroom.
- approximate room of the current bathroom + toilet (combined) is 1.8m x 3.5m so new bathroom would be 1.8m x 1.75m - is this too small for a bathroom? I don't think we would have enough room for a bath either which I think would be quite important in a family area.
- although difficult to compare, 3x2 v 3x1 seem to be getting at least another $50k in purchase price.
- another hurdle is a window that takes up the length of the bathroom, how easy is it to erect a wall that effectively would cut the window in half?
In short, should we even be considering this as an option or is it simply not worth it? (or is the space way too small)