Built in an era when homes were made to last, the concrete stumps, hardwood sub-floors and frames will go a long way to ensuring the foundations of this home withstand the tests of time.
Any good property decision should represent good potential for capital growth, options for adding additional capital value through potential improvements and for pure investment, a strong yield potential.
This property offers all three!!!!
Located in a family friendly, quiet established neighbourhood, the home is 5 minutes to the CBD, walking distance to schools, sports reserves, Bellarine rail trail and Tafe, whilst the gorgeous Barwon River walking/cycling tracks are just over 1km away. Having all of this infrastructure on your doorstep will ensure strong capital growth potential for years to come.
Internally, the home is largely original and comprises 3 generous bedrooms, central bathroom, separate toilet and laundry, kitchen/meals area and north facing living room with gas heater and reverse cycle air conditioning.
Hardwood floors are throughout the main traffic areas, including the bedrooms and the property is ripe for an easy aesthetic refurbishment. Having a 555m2 (approx.) allotment also lends itself to further extensions if desired (STCA).
These attributes provide huge opportunity to improve the capital value.
Additionally, given the affordable level of the property and high leasing demand in the area, the yield is strong ensuring good initial return on investment.
Completing the property, a massive enclosed carport (10m x 6m) is not only good for secure parking of multiple vehicles, caravans and trailers, but it is also a huge undercover area for those that like entertaining. An additional lock up garage / workshop adjoins this space, as well as a separate garden shed and water tanks to compliment the established landscapes in the rear yard.
The opportunity and value on offer here can not be denied. Call Dion on 0424 940 629 to learn more.
+ 12