This large four-bedroom, two-bathroom residence offers a rare opportunity for investors, first home buyers, families or property developers. Set on a massive 1,214sqm block, this property is located within 100-meters of Kinross Wolaroi School and is walking distance to medical facilities, parks and Orange's CBD.
In addition to a large family home with double car garage (historically leased for $560.00 per week), the property also includes an enormous 19.4 x 8m packing shed with mezzanine storage and rainwater tank located at the rear of the property, currently rented on a periodic agreement for $250.00 per week, giving an investor a total weekly rental income of up to $810.00 per week.
This shed has been separated from the house and house yard by colourbond fencing and has huge potential for further development and/or conversion to a granny flat or second residence (STCA).
The size of the block and rear access make this property highly suitable for future subdivision (STCA), giving the future owner multiple options to increase the value of the property.
FEATURES;
- Four bedroom residence, established East Orange location
- Tidy, original kitchen and bathroom
- Sizeable, sun drenched family living room
- Separate open plan living zone flows out onto outdoor entertaining
- Solid brick veneer construction with tiled roof
- Built in storage to all bedrooms
- Gas heating and R/C split system
- Double lock up garage with separate laundry and second bathroom
- Family friendly yard, established, low maintenance gardens and shade trees
- Access to laneway at the rear of the property
- Council rates: $633.00 quarterly
- Current rental potential for the house is $550-$570 per week
DISCLAIMER
All information (including but not limited to the property areas, floor size, price, address and general property description, opinions and/or articles) on the McGrath website is provided for general information and/or educative purposes only. The content does not constitute professional advice (be it of a legal, financial or taxation nature) and should not be relied upon as such.
