Investment Properties
NSW -Renovator
Aylesbury’ is a Victorian home with the Italianate features from this architectural period and has a very appealing appearance also highlighted with bull nose verandahs.
What this home needs is someone to come in with a vision to return it back to its former glory and with period arches plus wide floorboards the building blocks are in place to capitalise upon.
Whilst the home needs overall renovation the floor plan does offer room to move. The three bedrooms range in approximate size up to 4mtrs x 5mtrs while the lounge room is around 4mtrs x 5mtrs and family room 5mtrs x 5.5mtrs in area. This kitchen is big with already some décor updates to the bench tops however there is plenty of scope to add a utility island or breakfast bar with room left over.
Let’s briefly look at the bathroom, It’s there…….just.
Aylesbury is also set on grounds around 1,000 square metres in area with lock up garage and storage shed. It would definitely benefit with some further landscaping however as pointed out earlier, this tired home will pay dividends once restored to its former glory.
The asking price has been set to allow the next buyer room to value add to the home with offers also considered.
From a renovation perspective needs the usual kitchen, bathroom, floor coverings and painting. The property should resell for between $210-240,000.
 Buy & Hold
 Development
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| Purchase Price: | $159,000 |
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| Gross Weekly Rental: | $150pw |
| Council Rates: | $1,200pa approx |
| Management Fees : | 8.8% |
| Gross Return: | 5% |
| City Population: | 5,700 |
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