Sited on a prime 782m parcel of land with a lovely wide frontage of 21.14m, this freestone-fronted bungalow with a self-contained granny flat is a nugget of opportunity waiting to be explored.
With golden potential for a pair of attached townhouses STCC and interest rates still at an all-time low, developers are shouting hard for opportunities just like this – the question is: are you going to let them have it without a fight?
Buy here and you don’t just score a property with dream-home potential; you snag yourself the quintessential Eastern Suburbs lifestyle you’ve always craved. So whether you plan to renovate or build from scratch, your first priority is to secure this prime piece of real estate in a quiet, leafy neighbourhood prized for its proximity to parks, schools and The Parade’s food & fashion scene.
Only when it’s yours can you take your foot off the pedal and weigh up your options…
Do you simply move in, paintbrush in hand, and start enjoying the spaciousness of a floor plan boasting 10 main rooms, knowing you don’t have to hurry and can rent out the granny flat to whittle away at the mortgage? Or do you cover your holding costs by leasing the whole while you navigate your way through the planning and approvals process? Fact is, even without your Midas touch, it’s a nice little earner that was grossing around $525 pw until a few short weeks ago!
Know that whichever road you take, it will be paved with gold because, at the end of the day, this is Kensington Gardens!
More reasons to get excited:
Convenient access to the city less than 8ks away
A short walk to Kensington Gardens Reserve, The Gums & Norwood Morialta High School
Secure side-by-side garaging for 2 cars
Paved backyard entertaining with pergola & pond
Some nice, original features including decorative ceilings, leadlight & polished timber floors
Main kitchen with walk-in pantry & 900mm dual fuel range
Comfy master bedroom with spa ensuite & walk-in robe
Zoning – Residential Area 2 Northern