An incredible renovation of a family home in Melbourne has left two brothers $1.7 million richer, after they sold the property for double what they paid.
Five years ago the Staunton brothers bought the rundown Ascot Vale estate, in Melbourne’s inner north-west, for $675,000.
Since then, John and Andy Staunton, along with Andy’s wife Cathie, have completed a renovation The Block contestants would be proud of.
The trio bought the then three-bedroom, one bathroom Victorian home together and spent six months clearing out the interior alone, according to Domain.
An incredible renovation of an old Victorian family home in Melbourne has left two brothers $1.7 million richer
Five years ago the Staunton brothers bought the rundown Ascot Vale estate (pictured before renovation)
Now, the home has been transformed with more open spaces and lots of light
The stunning property went under the hammer on Saturday, attracting five bidders all vying for the Queens Avenue home.
While bidding began at $1.2 million, it quickly climbed in $50,000 jumps and soared past the $1.4 million reserve.
A final bid of $1.7 million, way above the area’s median house price of $1,102,500, went to a local young family.
The stunning property went under the hammer on Saturday, attracting five bidders all vying for the Queens Avenue home
Another bedroom was added to the property and the floorboards were all ripped out
A beautiful bathroom was renovated to bring the home in the twenty first century
The renovation process wasn’t without hurdles, not only as the trio were first-time renovators, but also when asbestos was found in the backyard.
With the asbestos cleared, the family were able to get back to bringing to home into the twenty first century.
Another bedroom and bathroom were added to the property and the floorboards were all ripped out.
Before the renovation, the baby pink bathroom was a window into an era gone by
The old kitchen and dining area was an eyesore that the Staunton brothers quickly changed
A fresh, modern look with new floorboards and wide windows give the new dining area a spacious feeling
The plaster boards were also removed and the renovators fitted a new roof as well, only keeping the original frame.
Auction day was a ‘nerve-racking experience’ for the family members, but it paid off.
It felt like grand final morning when your team’s in the grand final, not knowing how the day will turn out,’ John said.
The plaster boards were also removed and the renovators fitted a new roof as well, only keeping the original frame
The home now features bright open spaces, with plenty of natural and artificial light and even includes a small library with a ladder
Clean white walls give the house a large interior feeling with minimal but effective styling
The home now features bright open spaces, with plenty of natural and artificial light.
Clean white walls give the house a large interior feeling with minimal but effective styling.
It seems the family have maintained some of the Victoria era style, keeping the old fireplaces intact throughout the home.
The property plan shows several walls have been knocked down to free up more space in the living and dining areas
Before: An unused, rundown backyard that appeared to be left alone for years
After: A stunning entertainment area with an open verandah, perfect for summer nights
It seems the family have maintained some of the Victoria era style, keeping the old fireplaces intact throughout the home
The property plan shows several walls have been knocked down to free up more space in the living and dining areas.
A long island in the kitchen makes for a perfect area for dinner parties and the family have even added a library.
The backyard has been transformed from a rundown mess to a stunning entertainment area, with an open verandah and vegetable garden.