OPPORTUNITY KNOCKS! Attention families, investors and developers!
Do not miss this freestanding home on 2 street fronts and on a BIG 322sqm block for the area which offers so many possibilities and will appeal to all buyers.
Families will love that it is a large freestanding full brick forever home with 3 bedroom single level house with a deep yard and a HUGE brick 2 car garage.
Developers will appreciate the very deep block over 320 sqm with a depth of 46m and 2 street frontages. It is subdivided into 2 separate titles with DA approval for 2 x 4 bedroom freestanding houses which naturally can be sold separately.
Investors will be happy to know the house and 2 car garage is in good condition and would provide a HUGE rental return as a casual letting through companies such as Air BnB or excellent total rental returns with the house and garage leased separately or as one big family home. The benefit of a 2 house subdivision will appeal to investors looking for a home with possibilities to add value.
The potential rental return through casual letting (with companies like Air BnB) can be up to $1,400.00 per week.
The estimated current rental with the house and garage leased separately is $900.00-$1,000.00pw approx.
The estimated current rental with the house and garage leased together as one big family home is $800.00-$900.00pw approx.
And of course you can convert the property to 2 separate dwellings with plenty of possibilities:
• Live in 1 house and lease the other.
• Live in 1 house and use the other as a home office or work from home dwelling.
• Live in both houses and use one home for the extended or growing family as a teenagers/parents/grandparents retreat etc.
• Lease both houses and keep it as an excellent investment with a great rental return.
This unique property offers so many possibilities:
2 street frontages - front and rear-lane access to George St and Reilly Lane.
Purchase a house that offers 2 blocks of land on 2 separate Land Titles
DA Approved for 2 freestanding 4 bedroom houses (Not duplexes)
Retain and upgrade existing house on George St and build a new freestanding house on Reilly Lane.
Potential for rezoning (STCA and NSW Planning Department)
2 car garage parking with a 2nd wc plus a potential workshop space/storage space/studio and about 80sqm of internal space
Very generous land size of approx. 322 sqm (7m x 46m approx.)
This large freestanding home is surprisingly spacious and features:
3 double bedrooms plus a lovely wide entrance hallway
Open plan lounge and dining area
Modern kitchen with a full bathroom and internal laundry
Deep sunny yard and patio great for alfresco entertaining
Rear lane access to humungous, split-level, double-lock up garage.
It is in a great location, close to transport and all amenities and only about 8km from the CBD. It is a short stroll to local parks like Sydenham Green, Sydenham village shops, city buses and minutes walk to Sydenham Railway Station, which is only 2 stops to Central.
