Forget the renovate or detonate catch phrase. The detonation part has already been done. Purchase the land with approved DA in place and get cracking!
Situated close to the station, the University and Hospital this location is ideal for investors. The approved plans are to construct a dual key property consisting of
– 4 bedroom, 2 bathroom, single remote garage dwelling on one side
– 2 bedroom, 1 bathroom, single remote garage dwelling on the other
When constructed these properties will feature kitchens with caesar stone benches and modern appliances. All 6 bedrooms have built ins and each property will have a private yard.
The larger 4 bedroom property also features an undercover alfresco area and a large walk in pantry whilst the master bedroom has an ensuite and walk in robe.
The land has been cleared and all required certifications are in place, meaning construction can begin as soon as you are ready.
A combined rental appraisal of over $1,000 per week is based on current rents and in today’s market is likely to be even more once construction is complete!
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|R&H Suburb Summary||Houses|
|Number of sales||40|
|Median Rental Price||$550 p.w.|
|Change in Rental Rate (5yr)||44 %|
|R&H Suburb Summary||Units|
|Number of sales||3|
|Median Rental Price||$520 p.w.|
|Change in Rental Rate (5yr)||41 %|