Set in an idyllic riverside pocket, this unique Newtown property offers great investment options, or an opportunity for that close knit family to maintain their independence.
This perfectly located property comprises a character filled, 3 bedroom plus study (or 4th bedroom) brick veneer home and 2 self-contained, 2 bedroom units. The allotment is large for this area, approximately 883 sqm with dual frontages; the home is accessed via Ardlui Drive and the units via Ballater Avenue.
The tranquility of living 100m from the Barwon River, plus the close proximity to Pakington Street and sought after schools, provide an enviable lifestyle.
Recent renovations have added to the classic charm of the home, with carefully chosen contemporary decor and quality fixtures enhancing the light and spacious interior.
The facade, deck and bright entrance capture the morning sun and are buffered from the street by established landscaping. Elegant gardens provide views from the indoors, extending to the relaxed outdoor environment.
The open plan design links the roomy lounge to the kitchen and meals area. The lounge is light-filled with corner glazing, yet cosy with built-in gas fire. French Provincial-style kitchen cabinetry offers fabulous storage and houses new stainless steel appliances including; a 900mm electric cooker with gas cooktop, dishwasher and range hood.
A sunny west facing balcony flows from the meals area, and offers magnificent views of the river and surrounding hills.
Graced with a leafy outlook, the master bedroom offers a walk-in robe and fresh en suite shower room. Two more bright and airy bedrooms have built-in robes; the study could alternatively be used as a 4th bedroom/nursery. The main bathroom offers high-end comfort with porcelain tiles, bath and shower. Separate laundry and toilet.
A large single garage with massive workshop and storeroom are tucked neatly under the house, offering the option to further enhance the size of the dwelling by renovating.
The 2 bedroom units, which are both currently tenanted, sit side-by-side and feature open living space with good parking bay.
There are multiple viable investment scenarios here; collect rent from all 3 dwellings, sub-divide the home and units (STCA) and sell individually, occupy the home and lease the units, or redevelop the site utilising both street frontages (STCA).
This diverse property is particularly rare and presents as a great chance to capitalise in the sought-after Newtown market. View without delay.