This unique property offers an exciting opportunity to acquire an expansive house and land package in a blue chip Burwood address. Set on an impressive 980qm level blcock, this spacious residence is presented in comfortable order and currently configured as five separate lettings earning strong rental returns.
The interior layout consists of four 1-bedroom and one 2-bedroom layouts, each with own entry, kitchen, bathroom and living area. There is also an expansive rear yard with level lawn, a double garage and twin carport. The property also provides the option of accommodating a caretaker and leasing the remaining apartments, or using as a home plus income venture.
The block has an extra-wide 17m frontage and, as per the zoning certificate, it is not heritage listed or in a conservation area. The purchaser can explore the possibilities to redesign, renovate or redevelop (STCA) and capitalise on such a rare offering.
Blend all of this with a highly sought-after location close to the train station, Burwood shopping and the area’s sought-after schools, and it makes a premium real estate prospect with significant rewards.
|R&H Suburb Summary||Houses|
|Number of sales||38|
|Median Rental Price||$700 p.w.|
|Change in Rental Rate (5yr)||17 %|
|R&H Suburb Summary||Units|
|Number of sales||166|
|Median Rental Price||$580 p.w.|
|Change in Rental Rate (5yr)||12 %|