35 Surf St, Long Jetty

Even though the owners of this property did a fantastic job renovating, flipping doesn’t always create a large profit.

Originally purchased for $700,000 in March 2017.

Sold for $725,000 by Mitch Mathew and Paul Witney of LJ Hooker.

I like to think lessons can always be learned from each property. In this instance, potentially the property was purchased at the peak of the market and it was just unlucky timing between purchase and sale. Nevertheless, the owners did a fantastic job of totally renovating. I really like the new living room, kitchen and bathroom.