Finally the time has come to Cooroy when people appreciate the value of a great location. With smaller new blocks on the fringe of town, close to the highway selling for around $300,000. It starts to make this 3 bed, plus study home on 1012m2 in the most desirable and long established part of town look really interesting. Especially as it is almost perfectly level (just a very gentle slope, so it drains well), plus it has the great benefit of direct access from Miva St, and a rear lane access from Kauri Lane. The town is healthy, growing and one of the last areas in the Noosa Shire that offers easy access to the river and beach, but at an affordable price point.
Opportunities with this property include:
andbull; Buy and hold for capital gain and enjoy a reasonable rental return (currently $375 per week)
andbull; Buy and hold for your own future renovation and extension, in that you will know that you will make this property exactly what you want it to be
andbull; Buy and develop into a dual occupancy, which can enjoy its own access and good separation
andbull; Buy with an eye to see if the local town plan changes the minimum lot size from 600m2 to 500m2, then you may be able to have two assets to work with
The property is currently tenanted so inspections are by appointment with the Agent
- Continue to rent to cover holding costs
- Light renovation to reinvigorate
- Dream renovation and extension
- Beautiful established area
- One of the best blocks in town
- Very useful dual access (by rear lane)