T2 with Terrace: Full Renovation

A T2 with terrace in Benfica, undergoing a full, extensive renovation. An established area, steady demand and a property with the potential to be fully upgraded.

Fitted kitchen of a renovated T2 with terrace in Benfica
Renovated bathroom of a T2 with terrace in Benfica
Terrace with access to the kitchen in a renovated T2 in Benfica

The Context

When we came in, the T2 was entirely original: a closed kitchen, plumbing and electrics at the end of their life, dated finishes and a terrace with no treatment at all. The fundamentals were good (a generous area, two bedrooms and its own outdoor space) but they called for a complete renovation. We opened the kitchen, redid the plumbing and electrics from scratch, renovated the bathroom and treated the terrace with a vertical garden across the entire back wall. We applied premium finishes from the flooring to the sanitary ware: a Zimbabwe black granite worktop in the kitchen, a backlit mirror and a heated towel rail in the WC.

During Execution

Demolition
Removal of the kitchen wall Complete stripping of tiling and flooring
Infrastructure
Complete replacement of plumbing (water and drainage) New electrical installation and new electrical board Recessed lighting throughout the house
Kitchen
New fitted kitchen with black stone worktop Integrated appliances (hob, oven, extractor, fridge) Integrated laundry
Bathroom
Full renovation (sanitary ware, shower tray, tiling) Backlit mirror Heated towel rail
Finishes
New flooring in every room Full repainting New interior doors and installation of an armoured door
Exterior
Terrace treatment Vertical garden on the back wall
Marketing & Sale
Full home staging for the photo session Dedicated marketing plan (listings, professional photos, multichannel promotion)
Project Result
total timeframe
4 months
Actual ROI
36,09%
Intervention
Performance
Purchase
147.500,00€
Sale
260.000,00€
* Figures rounded for data protection. ROI calculated on total capital invested. Past results do not guarantee future ones.

Key Takeaways

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