If you fancy yourself as a developer or renovator, make sure you narrow your focus on this terrific property in a scenic Jacaranda tree lined Dovedale location. An original weatherboard residence on a thumping big block (1,366m2) in a very popular part of Grafton with an approved Development Application to subdivide the block into two. This is outstanding value buying.
Estimated to have been built around 1930, the weatherboard cottage with iron roof needs a little bit of tender loving care in a few areas but has great bones for a makeover. With a covered front timber porch, high ceilings throughout, three bedrooms, lounge room with original brick chimney, updated kitchen with dining room directly adjacent plus a single bathroom with shower and separate tub - there is more than enough to work around to transform this home back to its original glory or better if so desired. Currently tenanted returning $325pw on a periodic agreement, this could be the ideal situation to leave tenants in place until a time that you have availability or funds to tackle further improvements around the property.
The highlight here is without a doubt the parcel of land, sitting at well over a quarter of an acre in size with wide road frontage, this block is ripe for future subdividing or could be the perfect site for much bigger plans in terms of residential development (each subject to Council approval). The options and opportunities for capital growth are endless.
For more information contact Tyler Marsh on 0487 422 229.
Pest report available on request.
