29 Gloucester Street, Junee presents an exceptional investment and development opportunity, occupying a substantial 1,518m² parcel spread across three separate lots. With the home positioned to allow the immediate potential subdivision and sale of one lot (STCA), purchasers have the unique opportunity to unlock value from day one while retaining the existing residence and rental income. Currently leased at $360 per week until 16 June 2026, (Rent will increase to $400 per week from the 4th October 2026) the property offers an instant return, making it an attractive proposition for investors, developers, or buyers looking to generate income while planning future development.
Perfectly positioned just a short walk from the popular Licorice and Chocolate Factory, the location adds further appeal for both investors and future occupants.
This large, classic weatherboard home showcases timeless character, featuring original lining boards and timber floorboards throughout. Inside, the home offers four bedrooms and multiple living zones, including a spacious main living area that flows through to the kitchen, as well as a separate dining room or additional rumpus room with its own external access. The lounge room is comfortably carpeted and fitted with split system heating and cooling, while also providing direct access to a covered outdoor entertaining area.
Bedrooms one and two include floorboards and built-in robes, with bedrooms three and four positioned just off the lounge, offering a functional and flexible floorplan.
The kitchen is equipped with laminate cabinetry, a dishwasher, and an electric stove, and connects seamlessly to the dining or second living space, which opens out to the front veranda. At the rear of the home, a laundry and bathroom feature floor-to-ceiling tiles and a toilet, maintaining practicality for everyday living.
Outside, the property continues to impress with a double carport, secure shedding, rear lane access, and a spacious yard offering plenty of usable land. A rear veranda and large undercover entertaining area provide excellent outdoor living options, enhancing the home's lifestyle appeal.
Combining strong rental income, character-filled living, rear lane access and the rare advantage of three individual lots with subdivision potential (STCA), 29 Gloucester Street offers outstanding flexibility and significant scope to create immediate and long-term value.
Annual Rates: $2416.70
Disclaimer:
*All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
