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Only those with creative minds with flare and adventure need apply. A diamond in the rough with massive scope to turn this into a high performing investment or to renovate for a place to call home.
The potential is obvious; below are some options for consideration:
Homeowners:
Renovate existing and live in. Remodel the house to suit your family requirements.
Developers:
No heritage overlay. Footscray is an Activity Centre Zone to facilitate a significant proportion of the new housing required to meet the projected population growth. Multi dwelling developments are encouraged to support the population growth and increase return on investment (subject to council approval).
Investors:
Renovate existing and re-establish into a class 1b registered rooming house. Rental income of approximately 40k p.a.
Key points:
* Impressive land size of 450m2 approx
* A blue-chip location only 8km from the CBD
* Previously registered as a rooming house with council, returning approx. $40,000 p.a with a scope to return $70,000
* 7 bedrooms
* Great sized backyard with heaps of space
* Right of way via Jerold St.
* Classic double fronted Victorian
* No heritage overlay
* Immediate access to public transport at your doorstep
* Brilliant floor layout
* Easy to remodel inside
Close proximity to
* High Schools
* Primary Schools
* Victoria University
* Highpoint Shopping Centre
* Footscray CBD
* Footscray Hospital
* Melbourne
Section 32 available.
TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE “Get In Touch” BUTTON, OR THE “Email Agent” BUTTON OR “Contact agent” BUTTON.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.