Haha, shabby chic is being kind.. it's more.. well, just shabbyOh it's very ummmm shabby chic hehe. Congratulations! I suddenly feel not so bad about Sydney real estate, although who knows how much this would cost around here.
Looking forward to seeing the end result!
To give you a perspective with Sydney, this is in the Riverside area of PP, which is downtown/CBD. It's about 50 sqm in size, and will have cost AU$60k altogether by the time I'm finished. Compare this to my 38 sqm studio in Newtown which is currently valued at about AU $420k.
Truth be told, this is the cheapest property I could find. When I'm finished I might put it on the market at $70k and move in and just see what happens... if I sell it I might just find another place and do it all again.