If you are looking for that perfect investment property you are going to want to see this. Situated on a block size of approximately 911sqm and with a zoning of R20/30 you have a variety of options for development. You could knock down the existing dwelling and subdivide into three lots or retain the house and create a battle axe block at the rear (subject to council approval). Approximately 5 metres of wide side access with no existing carport to remove. This property also boasts a 20 metre frontage.
The existing house is neat and tidy and is in good condition. The kitchen has been recently upgraded and contains subway tiles, overhead cupboards, gas cooking and a stainless steel rangehood. The laundry is next to the kitchen and contains some extra cabinetry including a microwave recess. The lounge room upon entry has a wall mounted air con, wood heater and a nice outlook to the front yard.
The master bedroom is a generous size and there are two minor bedrooms. The bathroom has an updated vanity unit and a separate bath and shower.
The property is currently tenanted on a periodic lease at $340 per week. With the increase in the rental market the potential rent for this property would be $370 – $390 per week. Vacant possession can also be given to buyers who would like to move in.
Great location situated close to parks, schools and public transport. This property represents the perfect opportunity for investors or first homebuyers who are wanting a great size block. Do not delay, this property will be sold fast!