It’s not very often a unique opportunity such as this presents itself.
Situated in Berry on the south coast is a great chance to enter the market, priced to suit first home buyers or developers equally, there are many options available.
The property itself is a huge block, 941sqm with 2 existing buildings. The north facing front house is an original Berry cottage; full of character. With original floor boards throughout, the kitchen has been renovated recently with ample cupboard space, a pull out pantry, dishwasher and 6 burner gas cooker. The living area is light and bright with a door to a spacious undercover front deck. The bathroom/combined laundry has also been recently updated and there are 2 good sized bedrooms and plenty storage.
The studio with amenities is approximately 5 years old, fully approved self contained studio. With a generous sized living area, a full bathroom and a unique mezzanine level which would make an excellent loft bedroom. There is also an undercover paved area and single carport space attached.
Also on the property is a timber cabin, which could be extra accommodation or simply storage and a chicken coop/bird aviary.
The first scenario is simply to easily extend onto the existing front cottage creating the quintessential Berry home with the added bonus of extra accommodation in the studio. The large block could easily accommodate a much larger home with still loads of yard space left over.
The second scenario is to subdivide the block (STCA), creating 2 separate parcels of land. Being a corner block, it is ideally set up for this, as one lot would have driveway access from Albany Street and the other from Station Road. Sell one and keep one, financially it would set the average person up with a property in Berry for a very affordable sum.
Third scenario would probably suit a developer or builder who would develop both blocks into family homes and sell them, again this could be another great financial gain.
If you were unsure which path to take and just wanted sit on your investment for a while, then you could easily rent out the front cottage and with some minor additions use the studio/unit as your weekender.
The possibilities are limitless and you would be mad not to explore all the possibilities.