Investment Properties
NSW - Renovate and Subdivide
Set on a large 1492m2 level block is this four bedroom home. The home has recently been affected by fire, so there is fire, smoke and water damage to parts of the home. Boasting original features such as a bay window with lead light, the main bedroom has a sitting room for those quiet moments. Benefited by rear lane access, subdivision is a possibility with council approval. If you are up to the challenge, this could be the property for you.
There is a lot of work to do to this property however once renovated the house should value up around $220,000 mark. There is also the possibility of sub division and the block of land should be worth $55-65,000.
This property has been on the market a long time.
 Buy & Hold
 Development
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| Purchase Price: | $165,000 |
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| Gross Weekly Rental: | $200 pw after reno |
| Council Rates: | $1,200 |
| Population: | 6000 |
| House Resale: | $220,000 approx |
| Individual land block sale: | $50,000-$60,000 |
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