This interesting 2 bedroom home was built around the 1950′s and has been a starting point for many people buying into the Sherwood area over the years.

Now it is available again giving owner occupiers or astute investors the opportunity to secure a Sherwood home at an affordable price.

Land values in the local area have continued to rise over the last two years and anyone who buys this home and holds it will reap the benefits. It will get to a value point where the land is worth more than the house in its present configuration.

Future options would include removing the home and building new or on-selling as a vacant site. So whether you want to move into the Sherwood area or establish a land bank with rental income, 53 Chancellor Street is a must see property.

Land: 405sqm
Rates: $335.40 / quarter

A copy of the sustainability declaration is available from the Agent.