"A good property investment is largely driven by the potential for future growth and the opportunity to add additional value through improvement."
Whether or not you are already aware of the above quote, this property provides the opportunity to capitalise on both elements.
Capital growth: Land accumulates value, especially in established central locations, so with just 5 minutes to town and walking distance to shops and schools of all levels this property has plenty of potential for growth.
Capital improvement: The home is a blank template for the keen renovator looking for their next project, whilst the allotment is over 600m2 in a general residential zone, so conducive to re-development (STCA).
There is no sales history on this property, because it has been in the one family for over 60 years and has never been sold. Offering 3 bedrooms, huge open plan living / dining area, central kitchen, bathroom and separate laundry, the layout is functional, yet also easy to alter. A driveway with nearly 4m clearance and an open rear yard creates room for large garage or further development (STCA).
In a market climate where value of centrally located property has never been so important, this presents a rare opportunity to secure an affordable, entry level option with unlimited potential.
Call Dion on 0424 940 629 to learn more.
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