Fantastic Development Opportunity - Dual Yield Potential!
Unlock the potential of this prime 1,229m2 parcel, presenting a golden opportunity for savvy developers. Boasting a current planning permit, this property is set to accommodate two additional 3-bedroom, 2-bathroom, 2-car garage, modern single-storey townhouses, enhancing the site's value. The existing three-bedroom home has recently undergone renovations, featuring a modern kitchen with pantry and stainless steel appliances. The timber-look flooring throughout ensures low maintenance, while high ceilings add a touch of charm. Each bedroom is equipped with built-in robes and individual split systems, ensuring year-round comfort. The huge laundry with ample bench space, modern bathroom with an additional toilet, and a separate lounge with a reverse cycle split system contribute to the home's appeal. This property is not only a family haven now, with a large level backyard and spacious rooms, but it also holds immense potential for future capitalization. Currently tenanted on a month-to-month basis, it generates approximately $23,400 per year (or $450 per week). This dual-yield scenario offers the best of both worlds â a reliable income stream with the existing tenant and the exciting prospect of increased yield upon construction of the new townhouses. Seize this rare opportunity to capitalize on the current planning permit, whether you choose to develop and increase your rental income or explore the option of selling off the townhouses individually for maximum returns. Contact us today to arrange a viewing and embark on a promising investment journey! Call Gavin on 0408 359 764 for all enquiries.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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We found 6 houses with 3 bedrooms that just sold near 18 McKenzie Street Broadford
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SummaryMedian sales
Average Age
42 years
Population
4,592
Listing ID: 182082082. This listing has been viewed 3 times. It was first displayed on 13/11/2023 and last updated on 07/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.