With the cost of land in the Bega Valley sky-rocketing, this block and house could be the buy of the century. This house is a "renovators delight", perfect for a tradie or advanced handyman to get in and finish. Ripe for renovation the extensive prelimary works inculde design plans but no DA The survey done has been done. New sewer line installed by council ready for plumber to make adjustment to connect to house. The house itself is not heritage listed but it is in a heritage planning zone. As an unfinished project thereis literally three of everything, three stoves, three toilets etc plus plemty of gal steel and roofing materials ready to go.
The block has electricity, sewer and water connected and the house has had restumping work done. However the house is not currently in a liveable condition and anyone wishing to live at the property while renovating would be best served with a campervan or caravan onsite while getting the house up to scratch. For complete transparency the internall need an entire make over. Internal cladding needs work as do the floors, it needs a new kitchen and bathroom as they are non existent. Paint plumbing lighting and electrice would also have to brought up to speed.
But it is a GREAT investment proposition because once done it would generate a minimum reental income of $500 per week.
The block is 479m2 in size and is easy walking distance to the CBD, close to the nursing home and a skip and a jump to the High School. It is rare to find a property this close to the CBD for development Zoned R2 Residential which gives the block plenty of scope to be developed into a number of options with Council Approval.
Build a shop, build a duplex, build a child care. Lots of options within the zoning subject to council approval. With blocks on the edge of town selling for higher than this block in town, why not have a look at this and explore the possibilities.
