SoldMay 16, 2016

5B Fairbrae Avenue, Belmont, VIC, 3216

$420,000

3
1
1

House

30+ days on the market

Sold: May 16, 2016

What's around 5B Fairbrae Avenue

Look at the Floor Plan - Now Look at the Price! Very Affordable in This Prime Location!"

This newly refurbished residence is set in a highly sought after pocket of West Belmont. The property has been subdivided onto a compact, low maintenance allotment and is ideal for those with a busy lifestyle. Whether you are looking to downsize or invest this is a property offering excellent capital growth potential and tax depreciation benefits. Upon entry, the polished timber floors add character and warmth to the entire home. All three bedrooms are generously sized and include built-in robes which in turn are serviced by a central bathroom finished in neutral tones. A very rare inclusion in a property such as this, arethe two separate living areas, one with an open fire place that oversees the outdoor area - a great space to unwind and relax, as well as a more open-plan space that incorporates a fully updated kitchen with stainless steel appliances and sufficient storage options and the adjoining dining area. With tinted sliding doors opening to the rear courtyard and wrap-around deck, there is great solar efficiency, plus the addition of three strategically placed reverse cycle split-system air conditioners maintaining a comfortable temperature all year round. With a large single carport, the floor plan, whilst compact, is highly functional and has been adjusted to make living a breeze! Within a short walk to cosmopolitan Highton Village, which is filled with excellent shopping, cafe and produce options, public transport is also right nearby. Recreation options are certainly not compromised with the stunning walking tracks of the picturesque Barwon River not too far away. Located within a short drive of the Geelong Ring Road and the world renowned Surf Coast beaches, this opportunity is certainly one not to be missed. Investors can expect a rental of approximately $425.00 per week which equates to a gross return in the vicinity of 5.3% - better than the bank for sure! Vendors have instructed us to submit all offers and have set the price range most accordingly. Inspect immediately! Ian Nichols : 0437 006 575

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