Those who have come from the school of savvy investing, dynamic development and risk free renovations should pay attention; you will be hard pressed to ever find another opportunity as promising as this one.
Directly across from Albany Senior High School and Albany Primary, and within walking distance of town, the property’s placement is such that whatever investment you make, the demand for the resulting efforts will be so high that you will be rewarded in spades.
The lure of this block isn’t just for the renovation project of the high potential existing home (which, might we add, is a gold mine itself!), but for the rare and high valued land parcel that it sits on.
The block, a traditional quarter acre (1012 square metres) has triplex sub division potential, its giant size allowing you to makeover and keep the existing home, build a modern townhouse or two at the back, and create a money making machine the likes of which you have never seen!
Looking at the existing home from the street, well, she looks a bit shabby- but venturing inside the potential starts to shine.
Step up onto the steel plate steps and into the semi enclosed deck veranda entrance, the perfect candidate for an extension to create a raised entertaining area and transform the front of the home.
A solid front door leads you into the kitchen and dining space, where the floor boards, chunky schoolhouse style windows and fireplace recessed into the mantle provide the basis for a dynamic renovation. The existing old style kitchen with upright oven and stove is definitely ready to be ripped out and replaced, but the configuration of the room allows for an absolute beauty!
Leading from the area, a small hallway nook brushes past a linen closet and introduces the homes two epic bedrooms. There is one king size and one queen sized room, and both feature the type of high ceiling, floorboard and chunky window character seen in the kitchen, allowing you to design beautiful bedroom spaces to enjoy.
The rear section of the home which also leads from the kitchen area steps down into the homes tiled laundry space and outdoor access.
The homes bathroom features a pine vanity, mirrored medicine cabinet and modern showerhead over the bath, all completely fresh and usable while you live-in and tackle the rest of the renovations, perhaps leaving it until last for its own glitzy upstyle.
Finally, a huge lounge sits at the rear of the home, featuring a gas bayonet for heating, huge windows overlooking the yard, and the consistent niggling to knock out part of the rear wall, bang in some French doors and hey, why not top it off with a new deck on the other side?!
Outside, the current offering is a fully enclosed and paved patio which provides access to the homes loo.
Some reconfiguration could see this become a complete part of the home and provide a bigger bathroom space.
Finally, the huge yard fold out beyond the home, shaded by established trees and blanketed with lawn.
Of course, those craving a big yard for themselves could just renovate the home and enjoy this space if the developer in you isn’t quite ready to snatch the space away for a second build.
Whatever your interest in this property, there is no faulting that it is an opportunity too good to pass up!
What you should know
- 50′s character home on 1012 sqm
- Triplex sub division potential
- Easy dual access driveways
- Huge potential for renovation/extension
- Close to absolutely everything!