Newtown Home & Income & Garden
This large mid-century home & income is going to appeal to a broad range of buyers, from investors, renovators, first home buyers & developers. Offering a very generous 3 bedroom home with large living spaces and views across Newtown, there is huge scope to renovate or reconfigure, hence adding significant value in the process. In addition, the comfortably proportioned 1 bedroom flat at the rear, all on one level with the home, offers income to help with the mortgage, plus the potential to reconfigure back into one large home, all on one level.
Situated at the top of the pedestrian walkway at the end of the street, there is a walk up, and your effort is rewarded with wonderful privacy, quiet, plus great sun and views, with the town belt right at your door.
- 3 double bedrooms (easily able to be converted to 4 or more bedrooms)
- Open plan kitchen / dining
- Plus semi-open plan lounge that can easily be separated off if desired
- One family bathroom
- Great sun and views
- Spacious basement area, with generous stud height, that is screaming out for development
- Large, elevated section at the rear, with established and productive gardens, offering further potential for development
- 2018 RV $750,000
- Rates $3,487.15pa
- 1 bedroom
- Separate kitchen
- Lounge with dining nook, currently utilised as a home office
- Currently rented for $360pw with potential for more
PLUS the neighbouring section is available for sale also. With a combined land area of 1,029sqm (more or less), and inner residential zoning, both properties together offer very attractive development opportunities.
For Sale by TENDER (not selling prior):
Closes 1pm Thursday 20 May 2021
At Lowe&Co Realty, 8 Kent Tce, Wellington
The vendors will not be considering offers prior to the deadline date
Our vendors' ownership dates back 30 years. Their impending retirement plans mean the property is reluctantly offered for sale. If you are willing to roll your sleeves up and get "stuck in", there is a wealth of opportunity available here!