DEVELOPMEMT OPPORTUNITY IN PRIME LOCATION
In 1969 an English immigrant family (Ten Pound Poms, for those of you who know the meaning) made this their first home in Australia. 49 years later, the home has served its purpose, and is now waiting to fulfil a new owner’s dream.
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The property is located in a quiet street, in an area that is undergoing generational change, whereby the large blocks are being redeveloped with two new homes, or a second house is built behind the existing houses.
The land has a generous frontage of 18.73m, depth of 45.2m, and an area of 847sqm. The zoning is Residential R20/25, which permits two dwellings, subject to State Planning Commission and/or Local Government approval.
Alternatively, if you are looking for strong capital growth in the property you buy, why not renovate the existing house, and either rent the property out, or make it your home, recognising that it is land that goes up in value (not the improvements), and that subdivisible blocks usually appreciate more quickly than single residential lots.
The existing 3 bedroom house is in very original condition, and still has the same carpet since new. It is liveable, but in need of refurbishing.
If you are searching for a quality development opportunity, a timely investment opportunity, or a home that should provide strong capital growth, call me, GREG VOUDOURIS, on 0438072531, to arrange your private viewing.
- Type : House
- Land Size : 847 sqm
- Water Rates : $1072
- Council Rates : $1585