Sam Murden, Property Journalist
First published 30 May 2023, 5:00am
29 Nicoll St, Roselands NSW
In perhaps one of the most ambitious sales of the year, a Western Sydney builder’s mission to flip a house has expanded out to the entire suburb.
Nine years ago, vendor Imran Hafda purchased the property at 29 Nicoll St Roselands for $400,000.
After knocking down and rebuilding the home in 2020, Mr Hafda is now selling his home via The Agency’s Danny Hassen with a guide of $2.7m.
Builder Imran Hafda has flipped his Roselands property; purchasing it for $400,000 in 2012 and is now selling with a guide of $2.7m.
Mr Hafda’s parents initially told him to buy the original property, which was a small two bedroom cottage that had been left untouched.
It now exists as a five bedroom and three bathroom luxury home that sits on a 565 sqm block.
Although he wouldn’t be drawn on the exact figure, Mr Hafda told The Daily Telegraph he sunk an estimated $1.8m into the construction project via his company Empcon Building Group.
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Mr Hafda hopes to purchase a house in the same street and do another transformation.
“I think we’ve managed to transform this into a beautiful residence, I’ve really enjoyed living there with my wife and kids – our neighbours have been lovely too.”
“I’m looking to sell this property and buy a home up the road on the same street, I think Roselands is a fantastic place to live in and I’d love to make it a prestige area with a higher price tag.”
A view of the living and dining area.
“It often gets overlooked by the bigger sales in Beverly Hills and Kingsgrove, so my goal is to set new records with luxury builds and give it an entirely new profile.”
The property includes a range of luxury features, with a premium chef’s kitchen, a poolside alfresco area and garden.
It is set to go up for auction on the 10th June.
It also features a garage and gym with a saltwater pool, and alfresco area with an outdoor barbecue and kitchen.
The Roselands property will go for auction on the 10th June, with the garage including space for six cars.
Mr Hassen told The Daily Telegraph that it had received a strong level of demand prior to auction.
The garage has space for six cars and an indoor gym.
“We’ve had about 30 groups through the property, predominantly young families looking to upsize.
“A lot of the properties in this area offer great potential for knockdown and rebuilds, these homes can usually be purchased around the early $1m mark and transformed into dream homes.”
“When you look at the neighbouring suburbs towards the Inner West, you’re paying about $1m extra for a smaller space closer to the city. Out in Roselands, its more affordable and you can enjoy a larger land size.”
The property also includes a garage with space for six cars.
PropTrack puts the median price for Roselands at $1.25m, down 2.3 per cent over the past year.
According to the latest PropTrack Home Price Index, national home prices continued to stabilise in April after rising for the fourth consecutive month, rising 0.14 per cent.
The cumulative increase in 2023 is now 0.75 per cent. Strong migration, tight rental markets and limited supply are offsetting the impact of rapid interest rate rises.
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