This modest home is separated into two flats that are both currently rented to long term tenants. Perfect for the entrepreneurial investor, this property boasts 2 x two bedroom council approved units. The property has a northerly aspect and has been recently modernised with the exterior freshly painted and a new entry patio. Currently tenanted, you can receive a considerable rental return of $635 per week whilst planning renovations or drafting ideas for the dream home.
This property is full of potential! On a substantial 740m2 block, let your design flair and architect's skills create your new home in this great position or build a sound investment with dual occupancy opportunities (STCA). The yard is a blank canvas; renovate the existing property and extend the current dwelling foot print, or knockdown and rebuild (STCA); choice is yours. Zoned as R2 Residential, the street frontage is 15.24m and block depth of 48.16m. This is an amazing opportunity and can suit a number of ambitions.
Savour the quiet surrounds while being conveniently situated only 1.4km from the hub of Fairy Meadow with a number of supermarkets, boutique shops and schools. In a short 2 minute drive you will be at Towradgi Beach and Rock Pool - the perfect spot for a morning dip or run with the dog along the coastal walkway. Add to this the convenience of being just a short 2 minute drive to the Expressway where you can easily make the commute to Sydney or the quick 10 minute drive to Wollongong CBD and you will agree the positioning is great!
- The front unit has two bedrooms, living room with feature fire place, galley kitchen with dining area and an enclosed sunroom. The bathroom has a shower over bath plus a linen cupboard for additional storage.
- The rear unit features two bedrooms, an eat in kitchen, and a combined laundry and bathroom.
- A gently sloping block provides opportunity to increase the under-house storage area.
- Ample off street parking allows plenty of room for vehicles.
Please note: This property is currently tenanted, the only inspections that will be held at the property are the days/times listed, we appreciate your understanding
Close to Transport
Close to Shops
Close to Schools