In a quiet street only accessed by direct neighbours, here you soak in the best of rural/residential landscape, alongside the Clarence River views that are yet to be fully optimised. Central to Grafton and Yamba you really do have everything within your reach. Maclean approx. 10km down the road after a relaxing ferry-ride makes way for bougee breakfasts and delicious Botero Barista Creations.
The block of land is of approx. 1720m2 with a powered garage and carport at the front, and at rear vegetable gardens and so much potential. On inspection you can see that over time, alterations have been made to form dual living. In the past this has served the sellers well as they always been able to be accommodate family and friends independently when required.
The ground level currently offers a patio and an alfresco area, a large open plan living and dining space, galley style kitchen, study nook, wood fire heating, 2 good sized bedrooms, a combined bathroom/laundry and the original garage converted to an open pantry. This level is comfortable and self-sufficient for the current owners.
The upper level offers another spacious living area with aircon (also heated by the downstairs wood fire heater), a massive main bedroom with WIR, 2 more bedrooms and a large rumpus room that can act as a large 4th bedroom. This level has a spa bathroom with large shower, fully equipped kitchen, and veranda. No laundry is located on this level however there is ample space to plumb one if required. Currently upstairs is accessed only by the internal stairs.
For the investor, the opportunity here could be (STCA), to wall-off the existing internal stairs and give access to the upper level via external stairs. The patio on the upper level already offers internal/external access and in the 4th bedroom upstairs (marked bedroom 2 on the floor plan) you can see a door to the rear has been sealed off and clad over in the past. It makes sense to presume stairs met that door. These changes would make 2 fully independent homes and given the ongoing demand for rental properties; this could prove rewarding. Any addition of decks or entertainment areas from the back of the home undeniably value-add as they promise lovely river views!
If the levels were made independent, we estimate the following rental return in the current market- Ground level: $300 pw, Upper level: $350 pw. As the house is now, we estimate a rental return of approx. $450 – $500pw. Contact Kylie Swift 0488 161 621 to express your interest before you miss out!
