Fully Renovated with Subdivision Potential

Description

Welcome to a prime investment opportunity nestled in a desirable rental location with immense potential for growth and expansion. Situated in a serene cul-de-sac, this property offers not only a ready-to-rent house but also the promise of up to two additional dwellings (subject to council consent), or potentially more with subdivision, making it an investor's dream come true.

The existing house is move-in ready, presenting an immediate income-generating opportunity for savvy investors. Boasting a strategic location, residents will enjoy easy access to town amenities, schools, and public transportation, ensuring convenience and comfort.

PROPERTY DETAILS
  • Bedrooms: 3
  • Bathrooms: 1
  • Car parking: 2
  • Floor area: 90m2
  • Land area: 1,345m2
  • Estate type: Freehold
  • Rental appraisal:$580-$595 (Written rental appraisal available to potential purchasers)
  • Rates: $4,087.45
LOCATION
  • Offers over $599,000
  • Gross yield: 5%
  • Rental appraisal: $580-$595 (Written rental appraisal available to potential purchasers)
  • Annual rates: $4,087.45
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ABOUT THE AGENT

Kara Niles

Licensed Salesperson
REAA 2008