Ideal investment with redevelopment potential

Heading to auction is this amazing property which could be the perfect investment for someone who is looking for a spacious renovated home, instant income, plus a huge 790m2 block suitable for granny flat, duplex or dual occupancy, all STCA.

This spacious home offers a free flowing living design and with modern renovations has created a very inviting & appealing feeling. There are a wide range of features which include three good sized bedrooms, stunning new ultra-modern bathroom, modern kitchen plus an extra study area so the floor plan with minor alterations could easily be turned into a four bedroom residence.

Outside there is a sparkling inground swimming pool which is fully compliant.

For car accommodation there is also a 3-4 car tandem carport behind a secured gated front yard that allows access direct to the backyard.

There is a current lease in place until 6/1/22 with the tenant paying $450 per week.

The property is free of any easements and is mostly level and cleared so a granny flat would be easy STCA. More importantly due to the size of the block and the current council requirements there is an easy opportunity for a detached dual occupancy sub-division STCA. Or in basic terms the block has potential for another separate house to be built whilst keeping the existing house, each could then be sold separately. Council have stated that filling in the pool and making some modifications to the existing house is all that might be needed for this development to be permitted STCA.

The location of this property is excellent being well within walking distance to local shops, parks & sporting fields, bus stops and local schools. A short 5 minute drive will see you in the Penrith CBD and Kingswood railway station.

For further information please feel free to contact the Ross Heidtmann on 0407 113 039.

For further information please call Penrith Professionals on 4725 3100

All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.

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Property ID: 1176341