Share the joy
Bring along your builder or architect to explore the possibilities.
Built pre 1945 and typical of the era, this character Queenslander home sits on 706sqm of prime land, zoned LMR (Low-Medium Density Residential – 2 or 3 storey mix). This flood-free land gently slopes to the street and has an 18.4 metre frontage and an approx depth of 40 metres.
With convenient access to rail and bus, it is close to Coles and specialty shops, as well as quality educational facilities and childcare.
Currently divided into 2 registered flats, the home retains much of its charm, with traditional features including VJs and high ceilings, casement windows and polished timber floors. There is under-cover car accommodation for one vehicle.
Each flat is fully self-contained and individually metred. One flat is equipped with a single bedroom and sleep-out, separate bathroom, lounge and gas cooker.The other has 2 bedrooms,a large eat in kitchen and bathroom.
Possible options include:
– Retaining and renovating as a residential investment property with 2 registered flats, (Current returns will be $440 per week, with scope for an increased yield.)
– Living in one flat as a principal place of residence and renting out the remaining flat to subsidise the mortgage,
– Renovating the home and developing the rear portion with construction of multiple town houses – subject to council approval,
– Restoring to create a beautiful, character, family home with 4 bedrooms and room for children to play.
Sherwood has been identified as a high-demand suburb with high capital-growth prospects.
This is a wonderful investment opportunity with taxation benefits for investors. Call to view today.