When Formation Building was tasked with completing a full renovation of 74 Parkes Rd, Collaroy Plateau, it was clear from the outset that this project would be about more than just updating a property—it would be about unlocking its true potential. This home underwent a comprehensive transformation with a significant $500,000 full renovation, when it was completed the property sold in April 2024 for $2.625 million.
Formation Building’s approach was to craft a home that would appeal to today’s discerning buyers, providing both functionality and style. The team at Formation Building saw an opportunity to not just refresh the space, but to overhaul the layout and finishes, creating a home that felt fresh, spacious, and aligned with current trends.
From opening up the interior to creating an inviting, open-plan living space, to adding modern touches like a new kitchen, bathrooms, and bespoke finishes, every decision was made with an eye toward enhancing the home’s aesthetic appeal while ensuring it was practical for day-to-day living.
The full renovation of the house focused on maximising its access to natural light, improving the flow between living areas, and integrating high-quality materials throughout. The addition of sleek, contemporary finishes helped to modernise the property without sacrificing the charm of its original design.
The outdoor areas were also transformed, with a new outdoor entertaining spaces that would make the property more appealing to prospective buyers looking for a luxurious yet functional family home.
The results speak for themselves; the home’s market value surged from $1.85 million in 2020 to $2.625 million when it was sold in April 2024—a remarkable increase of $775,000. This dramatic jump highlights the significant return on investment that can be achieved through a well-planned, high-quality renovation.
Formation Building’s expert craftsmanship and strategic design choices added considerable value to the home, transforming it into a highly desirable property that stood out in the competitive Collaroy Plateau market. The renovation not only enhanced the home’s aesthetics but also increased its livability, positioning it as a move-in-ready, high-value asset for the next owner.
The final product speaks for itself. This full renovation showcases how thoughtful design, coupled with skilled craftsmanship, can turn a house into a luxurious home. It serves as a testament to the work of Formation Building, from conception to completion, this renovation has transformed not just a house, but an entire investment strategy.
For homeowners and investors alike, this Collaroy Plateau home is a shining example of how a well-executed renovation can maximise value and create something truly exceptional.
This project demonstrates the power of strategic renovations in today’s real estate market. By investing in quality construction and modern design, Formation Building was able to elevate the property’s value significantly, proving that a well-executed renovation can provide excellent returns.
For property owners and investors, the success of 74 Parkes Rd serves as a clear example of how thoughtful renovation can breathe new life into an older home, creating both functional living spaces and long-term value.
If you’re considering a home extension, full renovation, or new build, Formation Building has the expertise to transform your property. Our team is dedicated to delivering high-quality results that enhance both style and functionality.
Contact us today to explore how we can help bring your vision to life.
