If you're looking for a renovation project at an affordable entry point, 11 Ridgeway Street is a property worth considering.
Now reduced to $189,000 and currently returning $250 per week, this character timber home offers existing rental income together with genuine scope for a future owner to renovate, reconfigure and improve the property over time.
The home was originally configured as two bedrooms; however, a wall was removed by previous tenants and the property currently functions as a one-bedroom home. For the right buyer, this provides an opportunity to consider reinstating or redesigning the layout as part of a broader renovation.
Inside, the home retains traditional features including high ceilings and timber-lined walls, along with a separate living area, functional kitchen, bathroom with shower over bath, separate toilet and laundry area. Split-system air conditioning is also installed.
One of the property's practical additions is its solar power system, providing an existing improvement that a future owner can benefit from.
A Property for the Buyer Who Can See the Potential
We want buyers to understand that this property does require work. Items requiring attention include stump work, verandah repairs, general maintenance and termite damage, while the bathroom is also dated.
Rather than presenting this as a finished home, the opportunity here is for someone prepared to take on a project and make their own improvements.
Property features include:
Currently configured as 1 bedroom
Potential to reconfigure the existing floor plan
Currently rented at $250 per week
Solar power system
Split-system air conditioning
Separate living area
Functional kitchen
Bathroom with shower over bath
Separate toilet
Large laundry area
Character timber construction
High ceilings
Front and rear verandah areas
643m² allotment
Renovation and improvement potential
Asking Price: $189,000
This property is likely to appeal most to renovators, tradies and experienced property buyers who understand older homes and are comfortable taking on improvement works.
If you've looked at 11 Ridgeway Street before, the new price and repositioning may make it worth another look.
Contact Charleville Real Estate for further information or to arrange an inspection.
