Block size: 694 m² approx.House size: 110 m² approx.UV: $496,000 (2019)
Income is the Outcome in the Interim!
Packed with potential and superbly located within a desirable pocket of Canberra's Inner North, this home is a must-view for astute buyers. There's no denying it, there is work to be done here however, the potential to add value is significant.
It's easy to see why this location is sought after. The local Watson shops are vibrant with The Knox Cafe and gourmet supermarket. Local schools are good and Canberra City is a short drive or Light Rail ride away. With the addition of the Dickson Shops and pool, farmers markets, wineries and walking trails close by, you will be enjoying all that Canberra has to offer without having to travel far.
The home has good bones and is currently split into two dwellings, which astute buyers will recognise as an opportunity. Rent out each dwelling separately or live in one and rent out the other while you plan your renovation. With some clever planning two homes can be turned into one or keep it as is for a solid addition to your investment portfolio.
This is a golden opportunity and a solid investment, so if you are looking for a fixer upper in the Inner North then don't miss out on the amazing opportunity, contact Stephen Bunday now!
- Great Inner North location - Close to schools, cafes, shops, farmers market and wineries - Beautiful leafy street - People are extending, renovating and rebuilding in Molesworth street, so there is no fear of overcapitalising - An opportunity to create your dream home - Rent out one or both dwellings - 2 dwellings (attached) separate entry - 1 x 2 bedroom 1 x bedsitter
Front dwelling: - 2 bedrooms, one with robe - Separate lounge room - Electric upright stove - Eat-in kitchen with granite benchtops - Electric hot water system - Reverse cycle air-conditioning - North west to the rear
Rear dwelling: - Studio style - Electric upright stove - Reverse cycle air-conditioning - Combined laundry/bathroom - North west to the rear - Electric hot water system
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.