POSITION AND POTENTIAL
This home originally started its life as a duplex, but has seen some transformation since those days. It transitioned to a family home consisting of 3 bedrooms and two bathrooms ( one needs a reno) and is connected by a large covered utility space. In recent years it has been a solid rental with a long term tenant who is now just vacating.
Sitting on an excellent 1004 sqm block with 3street frontages it just oozes potential. It could be returned to a duplex, continue to be solidly rented as is, or become a family home once again. As a single dwelling you would imagine that a second dwelling could be placed at the rear of the block (STCA).
The home itself has a large renovated kitchen with a good sized walk in pantry. The living room is a good size and also houses the dining area. Through the utility room and we find three good size bedrooms and the main bathroom.
All in all, it is a good solid home that has stood the test of time and will probably see another half century without any problems. It certainly has potential to maximise returns and at this price is looking somewhere around a 5% return as is.
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|R&H Suburb Summary||Houses|
|Number of sales||44|
|Median Rental Price||$330 p.w.|
|Change in Rental Rate (5yr)||17 %|
|R&H Suburb Summary||Units|
|Number of sales||2|
|Median Rental Price||$280 p.w.|
|Change in Rental Rate (5yr)||47 %|