This renovated 3 RB Character Cottage has more to offer a buyer than ANY other property currently listed For Sale.
Firstly, the Housing Heroes Deposit Layby lets you buy the house now, and pay off your deposit later (up to $15,000 available for this home).
This isnât available through ANY other agency.
The Deposit Layby funds can be used for ANYTHING:
- fund part of your deposit,
- pay your stamp duty/loan costs/purchasing costs
- fund additional renovations,
- fund the development/subdivision costs,
- buy furniture for the home, OR
- simply go on holiday to celebrate buying a house with so much âupsideâ.
Many of the older homes are shabby, tired and need significant repairs, however this property has been transformed thanks to recent, tasteful renovations.
All for the âold charmâ features of the character home (i.e. beautifully polished floor boards etc…) have been retained, however the home has been modernised in a way that gives it genuine contemporary âliveabilityâ.
The new modern kitchen and new modern bathroom give the home tremendous amenity (youâd never know you were living in a character home).
The air-conditioned master bedroom is generous in size and enjoys a large walk-in robe.
The fans throughout the home keep the whole family cool & comfortable in summer.
Bedroom two is large (like all homes in this era) and bedroom three (arguably a converted sleep out) offers versatility to be used as a compact third bedroom or generous sized study/home office with its own built-in cupboard/storage area.
The stylish skylight in the main lounge gives this large welcoming space real visual character while making the area refreshingly well lit with an abundance of natural light.
What can we say, this is a seriously comfy & cosy home to live in.
But it gets better!!!!
This MASSIVE block (1012m2) gives you multiple development options with rare flexibility to make better use of the site and create extra potential profit by developing the block further (STCA):
- Subdivide?
- Granny flat?
- Dual occupancy?
- Large shed?
- A pool?
The development options are many and YES, the Deposit Layby funding assistance can be used to pay for any development costs involved.
The question of flooding always comes up with Ipswich homes and this one has pretty much dodged the bullet.
Only a small portion at the rear of the allotment was affected by the 1974 flood and it was untouched by the January 2011 flood (Source: Ipswich City Council). This should have minimal impact on any development potential as a good design should overcome any/all issues (if any) experienced by the block.
During the renovation process, the strategic decision was made NOT to complete a few things.
This was done to protect the flexibility of making the future best use of the site.
As an example, because a new owner may decide to develop the site, they may decide to slide the current house to the rear of the block (as a granny flat, dual occupancy residence or stand alone dwelling on the block once subdivided) and then build a new dwelling on the front.
To avoid wasting money for everyone, the external laundry was left un-renovated (it would be demolished if the current house was moved). Itâs still functional, itâs simply not to the same modern standard as the rest of the home.
Likewise, a few stumps currently need to be replaced. It didnât make sense to replace the stumps if the house was going to be moved. Luckily, getting stumps replaced isnât an expensive job if the decision is made to leave the house where it is.
(If you decide to leave the house where it is, the Deposit Layby can provide the funding to take care of stumps & laundry improvements).
Primary access to the site is off Vineyard Street however the rear fence has been set up so you have rear access to the block off Darcy Lane.
If you donât want rear access, you could easily install a couple of colorbond panels to make it a complete fence.
If you decide to leave the current dwelling where it is, you can add your own sense of style & design to complete the untouched areas (at low cost).
And yes, the Deposit Layby funding can be used to pay for any of these expenses as well.
The front house has been fenced off so itâs self contained from the rest of the block (the front verandah lets you enjoy a great garden view overlooking a good sized, fully-fenced front yard, while the huge fully-fenced back yard provides ample room for children or pets to play).
This leaves the remaining rear âbattle-axeâ block fully accessible if development works were to occur; allowing the current tenant to remain in place and continue paying rent through the development process (so you have the income offsetting the costs).
The current tenant absolutely LOVES the place! They are paying $260/week and hope a new owner will let them sign a long-term renewal lease when the current lease expires in Jan 2019.
Being so close & convenient to everything, an investor will never have trouble finding tenants.
This property has the best of both worlds. Privately positioned in a quiet street, yet itâs close to everything.
- Close to schools
- Close to Childcare
- Close to Ipswich CBD (about a 5 min drive)
- Short drive to the train station
- Short drive to the university
- Well located for Amberley RAAF base
- Close to the golf course
Considering everything, this home ticks a lot of boxes.
Especially when the $15,000 Deposit Layby lets you use other peopleâs money to buy it (or complete further renovations/DA).
For more information, or to book an inspection, call Mike on 0407 007 009.