Granny Flat And Renovation Potential With Dual Street Access
Property ID: 14996115
Purchase Price $200K
Renovation Costs $30K
Cost Of Granny Flat $130K
Total Cost $360K
Estimated rent $220 + $250 = $470 per week.
Gross Estimated Rent 6.78%
This property is ideal if you are looking to add a granny flat to manufacture a positive cash flow property.
With street access at both the front and back this is a rare opportunity to add a granny flat with its own street entrance or sub-divide the property.
The existing house is in need of a renovation and presents an opportunity to add value through renovation.
Walking distance to Public Transport and Schools.
2.1 km to Shopping centre with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.2.5 km to CBD.
2.5 km to Train station.6 Schools (public & private) within 5 km.
4 km to 2 Hospital.
4 km to University Campus.
Quick access to motorway.
Call Matthew Barnes on 0430 979 900 for further details.