How to maximise potential! This fantastic property is located close to rail, shops and schools in popular Booval. Although the current tenants are quite happy living in the 3 bedroom 2 bathroom home that adorns the 1012m block at the moment, the owners have looked to the future.

They have meticulously planned the redevelopment of the site to transform into five * two bedroom townhouses where the saleable lot areas have been maximised and the wasted communal areas minimised. Each townhouse will have a single garage plus an open car park; each has good sized bedrooms, open plan living and outdoor entertaining and/or balcony – each has room to live.

Obviously outgoings are important to you and your potential buyers, so they’ve been minimised here in two ways – bathroom upstairs and powder-room downstairs reduces your council contributions on set-up, and minimal communal space minimises body corporate costs down the track. And future tenants/occupiers will love that the location reduces their outgoings and transport time, with easy access to everything, most within walking distance.

What’s more, the choice of building materials and options will you’re your costs down, whilst the resultant secure, gated community will keep desirability up when finished – so this should be a win-win project. Current tenants are paying $280 per week and are on lease until July. Please don’t hesitate to call/email for further information on this great opportunity.

Property at a Glance:
3 bed 2 bath 4 car

- 1012m block with 3 bed home
- Rented $280 til July
- DA approved for townhouses
- 5 by 2 bedroom homes
- Great use of space
- Min cost to council and body corp
- Close to school, shops and rail