Renovate For Profit Opportunity In A Capital City Location
Property ID: 15922155
Purchase Price $480K
Estimated Renovation Cost $60K
Estimated end value $600K
This detached house on a 637 m2 block of land is located within the 10 km radius of the CBD. It presents a prime opportunity for renovation to add value.
Situated on a quiet street with easy access to arterial roads and a motorway, this house is in a great location. The suburb has a median price of $600K, leaving plenty of upside potential with a strategic renovation.
3 Bedrooms, all with built in robes;
3 Living areas;
Covered outdoor entertaining area;
Parking for 2 cars;
Storage room under the house;
637 m2 block of land.
The structure is good so most of the work required will be cosmetic. The opportunity to profit through renovation comes through the kitchen and bathroom being updated; the floorings being replaced and painting the internal walls.
There are opportunities to modernise the house further by replacing door handles and some internal doors plus adding blinds.
Walking distance to public transport, schools, child care, coffee shops, parks, restaurants, take away outlets and a Foodworks supermarket.
Within a few minutes drive there are 10 schools (including 3 private) and 8 childcare centres; Coles, Woolworths & IGA; Cinemas, Bunnings, Pharmacies, Post office, Several banks, more restaurants and cafe's.
Other facilities include:
2 Medium sized shopping centres within 2.5km;
3.1km to one of the city's biggest shopping centres with over 400 stores, more than 140,000m2 of retail floor area and more than 6,200 car spaces;
2 University campuses with a combined total of more than 17,000 students within 5.5km;
3 Private and 1 Public Hospital within 7km;
5.5km to a new industrial estate with more than 110,000m2 of floor space.
Call Matthew Barnes on 0430 979 900 for further information.