Investors and developers alike will see what a terrific opportunity this corner block is!
Located in an elevated position amongst quality homes this 810M2 double block is sure to get snapped up quickly. Previously approved for a lot reconfiguration to split the block and retain the current chamferboard home this property could suit multiple subdivision options. Currently tenanted for $560 per week with great tenants until 4/5/2024 this property provides a solid rental return while the next owner finalises their plans for Subdivision.
The high set home has an updated kitchen adjoining the open plan living and dining area as well as a wonderful balcony. The huge back yard could be retained and an extension added to take advantage of the large block. With such space this property could also lend itself to a large shed at the rear, a vegie patch, a huge pool or just a massive yard for the kids to enjoy!
Perched on an elevated location on the corner of Bunya Rd and Elizabeth Street, the option to subdivide the back of the property and build a modern two-story home is certain to be lucrative. With new homes on low maintenance blocks in extremely high demand you are sure to maximise profit margins and minimise your risk with a project like this.
Current House Summary
- Inviting street appeal featuring tropical gardens
- Front and back balconies offering outdoor relaxation or entertaining areas
- Air-Conditioned open plan lounge dining and kitchen area with direct access to both balconies
- Well-appointed kitchen with stainless steel electric oven, dishwasher plus plenty of cupboard space
- Modern bathroom with crisp white/ charcoal colour scheme including European tap ware
- Separate toilet
- Three good sized bedrooms – Master bedroom boasting built-in wardrobe
- Polished floors in the upstairs areas and tiled rumpus and bathroom
- Internal laundry and double lock up garages conveniently offering direct access to the rumpus room and back yard
- Internal access to downstairs rumpus room. Ideally suited as family room or 4th bedroom / teenage retreat
Development potential subject to council approval.
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