Once a stately 70's style home that housed the local Commonwealth Bank manager, this family residence awaits a makeover.
See past her faded timber floor, the rusted back staircase and shabby gutters and you will realise the capital gain that can be achieved with a cosmetic rejuvenation.
A large kitchen and dining area open to the back porch, with the lounge at front of the house upstairs, with a wrap around balcony that enjoys street views from the top of the cul-de-sac and afternoon breezes. There are also 3 bedrooms and main bath upstairs.
Downstairs is the double lock up garage (currently used as a games room and storage area), combined laundry and second bathroom, and another large room behind the entrance that could be a media room or 4th bedroom.
A triple carport/open shed could be remade into a covered outdoor entertainment area and the garage reused for cars with a change in the fence line.
Her appearance may be thread bare but the astute investor will see that any expenditure on updating will be swiftly returned in increased capital value and higher rental returns for years to come.
Centrally located in old Tewantin in a quiet, tightly held street and surrounded by prettier homes, this is the investment opportunity and restoration project you have been looking for.
Loved by its current tenants who have 8 months to run on their lease and would very much like to keep calling it home, she offers a good return until such time that you can restore her earlier retro glamour.
She won't disappoint in returning the love and investment you put in to doing so, when you can rent out at a higher rate, sell or move in and enjoy. Serious vendor, sale sought before Christmas.
