This large home sits on 1012sqm in a central location in thriving Kurri Kurri. Featuring a three bedroom house with two sunrooms, plenty of side access as well as rear lane access the opportunities here for the investor looking for a simple project to add equity are plain to see.
The house itself has a recently renovated bathroom and while it could do with some 'freshening up' to increase value and rent potential this is not urgent. Behind the house is a separate construction consisting of garage, laundry, studio style room with ensuite and large under cover area.
The options for the investor include renovating the rear building thus creating a second income from the granny flat; knock down the rear building and construct a new granny flat. The expected ROI from a new granny flat alone would be 12-13%. The other option would be to subdivide the block and construct a new residence(s) benefiting from the ample side access and rear lane access offered.
Property features include
- Large 3 bedrooms (all with built ins)
- new bathroom
- 2 sunrooms
- Functional kitchen and separate dining room
- Formal lounge plus additional living room
- Large block (1012m2) with separate building to renovate or develop
- Located close to transport, shops, clubs and recreation facilities.
For more information about this great opportunity, contact Paul Hartgers on 0425 392 985