3 1 3
Recently repainted in and out with renovated kitchen & bathroom, this cottage is conveniently located within walking distance of CBD. Consists of lounge, kitchen, bathroom, 2 bedrooms, enclosed verandah & storeroom with laundry & 3 car accommodation downstairs.
The large 2023m2 block (on 2 titles) offers several applications including live in it yourself; a convenient rental currently returning $200/week; opportunity to build on vacant area or demolish and use entire block; rental investment plus storage facility for builder or tradesman.
Yes it did flood in 1983 and in 2013 so any development would need to take that into account.
At $190,000 this property will pay itself off and return far more than your money in the bank.