Act now! This one won’t last!
Here we have a great opportunity in the suburb of Thornlands.
Sitting on 1,012m2 on a corner block, this property is perfectly positioned for Land banking or immediate development.
The property is fully zoned as MDR “Medium Density Residential” and is well positioned for town-homes or sub-division (subject to council approval)
The home is currently tenanted and returning a good rental income, however the home would be in need of a renovation, and will likely suit a developer purchase.
Please feel free to call Damian today to arrange an inspection or to make an offer.
|R&H Suburb Summary||Houses|
|Number of sales||244|
|Median Rental Price||$490 p.w.|
|Change in Rental Rate (5yr)||-2 %|
|R&H Suburb Summary||Units|
|Number of sales||6|
|Median Rental Price||$425 p.w.|
|Change in Rental Rate (5yr)||-6 %|