This classically styled period family home is located in one of Ipswich’s most sought after suburbs and as a standalone home it would appeal to many different buyers. However, this terrific property has one stand out feature – it is located on a prime 1012m2 (quarter acre) block with the preferred and highly sought after two street frontage (located on the corner of Blackstone and Lusitania Street, Newtown). As such this property can be easily and cost effectively sub-divided (subject to Ipswich City Council approval) so that you can have the opportunity to have one or two income streams.
The existing home whilst original has been tenanted by the current tenant for the past 12 years. The tenant is paying $230 per week but this rental yield could be significantly increased via renovating the existing dwelling. The best part is whilst the kitchen and bathroom and the whole house is very original it has three oversized bedrooms plus ample verandah space and there is an opportunity to easily and cost effectively add an ensuite to the home and thereby significantly increase the home’s value.
Alternatively, you may decide to live in the home yourself and just keep the big back yard so that your kids and pets have loads of room to run and play. Some people may even choose to build a second home in the rear for elderly parents or adult children so that two generations of family can share the mortgage.
If you do decide to sub-divide the block you can either build a second home at the rear and rent them both out or sell them both and double your profits. The choices that this truly unique property offers you are endless and they are yours to make based on your personal circumstances.
This gorgeous family home is only a short drive to services including road and rail transport to Brisbane and Ipswich, Booval Fair Shopping Centre with its own Woolworths and numerous specialty stores as well as the East Ipswich State School, Sacred Heart Private Primary or Ipswich Boys and Girls Grammar Schools, St Edmunds and St Marys Private High School. There is also great proximity to other shops, doctors, dentists, all entertainment and sporting venues.
This property represents an opportunity for astute buyers to sub-divide this large block in one of the most sought after heritage locations in Ipswich and create a dual income stream or two sale opportunities. These large sub-dividable blocks are becoming harder and harder to find so you will need to act quickly or be prepared to be disappointed!
The home has great street appeal and loads of character and just like the huge block it can be adapted to suit your family or investment needs. Be quick to inspect before it is gone!
Most importantly, this picturesque family home and sub-dividable block with two street frontage has all the room you’ll ever need and it has been priced to sell quickly at only $319,000.
Listing agent: Steve Athanates
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(Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or the agent.)
