Downsize, Invest, or Redevelop.
Now in her 90’s, the owner of this property, who has owned it since it was built in 1980, is moving into aged care. Who will be the next owner: someone downsizing to a more manageable property; a buyer wanting an affordable new home site; or an investor looking for a land value property, in an excellent location, seeking capital appreciation?
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If it’s land that appeals to you, this property comprises a massive, 552sqm survey strata lot, plus a 50% share in the 139sqm common property driveway. You would virtually have the use of the driveway to yourself, as the house at the front has a garage which is accessed by a separate driveway.
The house is in well maintained but original condition, and has accommodation of lounge/dining, kitchen/family room, 3 bedrooms and 1 bathroom. It is located in a quiet part of jacaranda tree lined Reynolds Road, just 250m to Applecross Primary School.
Due to there being several potential uses for the property, we are expecting very strong interest, so don’t miss this opportunity: call me, GREG VOUDOURIS, on 0438072531, to arrange your private viewing.
- Type : Duplex
- Water Rates : $1092
- Council Rates : $1814
- Annual Rates : $0