1 & 2/980 Sylvania Avenue

North Albury NSW 2640

870 m²

Block of units

Currently for sale - view listing

Overview

Exceptional Investment Opportunity - Dual Income, Huge Potential on 870m²

Whether you're an investor, developer or savvy buyer looking to add value, this unique property presents an outstanding opportunity on a generous 870m² (approx.) allotment. Featuring two self-contained dwellings with subdivision and development potential (STCA), the possibilities here are endless. The front residence offers 2 bedrooms, 1 bathroom and a single garage and is currently vacant, making it the perfect opportunity to renovate, move in or lease out. With some cosmetic updates, this home has the potential to significantly increase in value and rental return. Privately positioned at the rear is a 1-bedroom, 1-bathroom unit, currently leased at $250 per week, with a current rental appraisal of approximately $320 per week, providing immediate income while you plan your next move. Adding even more appeal is the expansive 870m² block, offering exciting potential to construct two additional dwellings at the rear (STCA). Whether you're looking to maximise rental yield, create a multi-dwelling investment portfolio or undertake a future development project, this property is packed with opportunity. Property Features: • 870m² allotment (approx.) • Two separate dwellings on one title • Front home: 2 bedrooms, 1 bathroom, single garage • Front home is vacant and ready to renovate or occupy • Rental appraisal front unit $420pw after renovations • Rear unit: 1 bedroom, 1 bathroom • Currently leased at $250 per week • Rental appraisal of approximately $320 per week • Outstanding development potential to build two additional dwellings at the rear (STCA) • Excellent opportunity for investors, developers and renovators • Multiple income streams with future growth potential Properties offering dual occupancy, immediate rental income and genuine development upside are becoming increasingly difficult to find. Secure this rare opportunity and unlock the full potential of this versatile investment.