Huge Potential on 1390 sqm Block Investors, take note! This property at 63 Maple Drive offers an exceptional opportunity with strong rental returns and development potential on a sprawling 1390 sqm block. Currently tenanted at $400 per week, the property has a market rental appraisal of $700 per week, presenting immediate uplift potential. The sleek, modern kitchen boasts an electric stovetop and oven, offering a fresh and functional space that tenants will love. The spacious living room, equipped with a split-system air conditioner, ensures year-round comfort. The home features three bedrooms, with the master bedroom offering the added comfort of a box air conditioner. For added convenience, the laundry includes built-in cabinets, providing ample storage. The recently renovated bathroom offers a generous shower area, while the separate toilet adds practicality to the layout. What truly sets this property apart is the enormous 1390 sqm block, offering more than just open space. With room to build a second dwelling (subject to council approval), there's massive potential to significantly increase rental income or maximize resale value. Additional features include:
- Two spacious sheds: one measuring 15.5m x 6.5m and another at 6m x 6m, ideal for storage or future projects.
- Long-term tenants in place for 3 years, ensuring consistent rental income.
- Last rent increase in April 2022, offering room for a rent review to reflect the current market value. Whether you're looking to capitalise on the existing rental market or develop further to maximise your return, 63 Maple Drive is a rare find that ticks all the right boxes. Don't miss this opportunity to secure a high-potential investment property with space to grow! For more details or to arrange a viewing, contact Nikita on 0401 928 281 today. Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, RE/MAX Select Real Estate will not be held liable for any errors or omissions in the above as all care is taken to ensure all information is correct at the time of publication. All interested parties should rely solely upon their own physical inspection of the property in order to determine whether or not this information is accurate.
