Prior to releasing to the open market, we will be offering this home to our database. The front house is currently configured as a 3 bedroom, 1 bathroom renovated cottage. The owners daughter is living there with friends while they finish Uni. They are due to vacate in mid December. The two friends are paying $250 per week each and the owner understands that should the house be sold, their daughter will need to contribute to rent to ensure whoever purchases it has an adequate return on investment, therefore the assumed rental return would be $750 per week until December.
The rear of the property has been DA approved for a 4 bedroom, two storey home.
I have attached a pricing justification for both finished products to this email. One for the cottage left on the front (In the Vicinity of $950,000) and the new 4 bedroom home on the rear ($1,350,000 - $1,400,000) with recent comparable sales. Please click the 'VIEW MORE' Link below to access the Approved Development Plans, Pricing justification for existing
