The treetop backdrop of this large 1012m2 block just moments from town and the river reserve opens up a multitude of possibilities for the astute investor. With the market showing strong signs of recovery the R30/R40 zoning would potentially allow up to 4 units on this site.
A rentable dwelling earns you an income as your investment grows.
There’s also the opportunity to renovate the house – rip up the carpets, add a coat of paint and the very liveable two bedroom house could comfortably be your home until you’re ready to subdivide, with large front verandah, high ceilings and slow combustion fireplace.
Currently tenanted at $260.00 per week until 30/10/2013, on a large elevated block with a lovely aspect across town, this will always be a great place to call home.
There are very few addresses in town offering character homes, close to shops and schools, on a large block with as much development potential as this.