This character 3 bedroom home is located on a large 981m2 block (almost 1/4 acre) on the top end of Princes Street and presents a fantastic opportunity for a long term investment. The large parcel of land lends itself to a unit development (STCA) with access from both Princes Street and Sneddon Lane, however the home could easily be relocated elsewhere and renovated. There is also great potential to leave the house on the existing block and have room for a large shed (STCA), while still retaining plenty of backyard space for the kids to play. Inside the home, a giant living/dining room connects with a great sized loungeroom. The original floorboards are still intact and would come up spectactular if polished. An extra-large bedroom at the front and two more bedrooms at the rear of the home all require minimal work and the bathroom, kitchen and laundry are all huge and provide an easy blank canvas for renovations. The home has ceiling fans in all rooms, it has been re-wired and the roof is in excellent condition. The exterior presents well with full vinyl cladding. A full length concrete driveway runs along the side of the house and a carport at the rear is great for storage.
The current rental market means a return of $280-$290 per week is quite achievable once renovations are complete, or move in and enjoy all that Korumburra has to offer!