Built to last, this brick and tile home is ready for you to move in and add your own touch. Featuring three bedrooms, lounge, kitchen and enclosed sleep-out, this property is the ideal candidate for buyers with an eye to the future.
Internally, the lounge room is spacious and overlooks the streetscape. The main bedroom has air conditioning. The kitchen features cupboards galore, a Westinghouse Kimberley electric stove and also for decoration the original combustion stove. Plumbing is serviced by a gas hot water system.
Externally, there is a long concrete driveway which leads through the side gates to the workshop. With concrete floor, mechanics pit, power and lighting, you could complete many projects behind that roller door.
The shape of the block is rectangular with frontage of 20.12m and depth of 40.25m, and it slopes gently to the rear. The house is positioned to the front left-hand side of the block, and there is ample side clearance and space in the backyard.
Zoning is currently R20, which means that it is a single residential site. The City of Belmont indicates that it will review its city-wide planning scheme in two to three year’s time. Note that the back neighbour and the properties at the front of the cul-de-sac have a higher density zoning of R20/40. Remember that astute investors purchase property BEFORE the zoning is upgraded.
Water and sewerage are available and connected. Water rates approximately $974 per year. For garden watering there is a bore on the property but it is not currently working and will be sold in as-is condition.
For investors, the property has a rental appraisal of $395 per week. The good location would be the main drawcard for tenants, both the central nature of Rivervale and the pleasant cul-de-sac within the suburb. Refurbishing the property would likely increase the rent to around $430 per week and is yours for the taking.