This property will tick all of the boxes of a developer or keen renovator.
Internally the property offers two bedrooms; an enclosed verandah making 2 sleepouts; living area and kitchen. There is a shower and single laundry tub plus separate toilet. Outside there is an older carport.
For the developer: this site is 1815sqm, with a frontage of 20.1mtrs and depth of 91.5mtrs approx. There are two road accesses, the first being Cootamundra Road and the second being Matthews Street which runs behind the back of the block.
Natural gas, electricity and water are all connected to the site, saving you upwards of $10,000 in services. Blocks of this size and locality are few and far between! With rental returns remaining high and an aging population, the smart investor will reap the rewards of constructing multiple residential premises. If you’re looking at constructing a new home – even with the cost of removing the existing dwelling – this will still be one of the cheapest building blocks in town!!