Perfect placement in a quiet and leafy one way street is just the start for this remarkable R2 zoned property. The current two apartments sit on a prized 467sqm wide lot with a 15.5m frontage, completely undercapitalised and brimming with further potential. Explore the subdivision and redevelopment options, subject to Council approval and profit in an always in-demand walk everywhere locale. Compounding the opportunity, its adjoining property, 265 Enmore Road is also on the market providing the option to combine as one very large holding.
Comprised of two very neat and tidy apartments including a one bedroom apartment and a two bedroom apartment, the stage is set for a revival. Benefit from the current income whilst options are explored and planning and approvals obtained. Both residences boast modern eat-in kitchens, spacious livings and a bathroom with combined laundry.
Outside is a generous front and side lawn area, rear courtyard, large double lock up garage with WC and abundant additional off street parking. Enjoy the best of both worlds in this superlative locale. A tranquil street setting only footsteps to Enmore Road shops, cafes, pubs and theatres, Newtown rail, bus services, the Annette Kellerman Aquatic Centre and Marrickville Metro.
|R&H Suburb Summary||Houses|
|Number of sales||41|
|Median Rental Price||$830 p.w.|
|Change in Rental Rate (5yr)||19 %|
|R&H Suburb Summary||Units|
|Number of sales||16|
|Median Rental Price||$450 p.w.|
|Change in Rental Rate (5yr)||7 %|