The home has been a great servant to the one family for decades now. But it has now run out of puff. It needs the enthusiastic home renovator to return it to its former self and set it up again for the next generation. Importantly sitting on a large 612sqm block and in a very handy position near schools and transport you can invest your time and money into the upgrades knowing you're getting into the market at the base rate.
Further to this the space in the home is a real asset with a spacious lounge and oversized dining room. Also, the solid timber floors could be polished up to maximum effect also saving some money and without doubt the kitchen and bathroom are the areas screaming out for attention.
Step outside and you have a lovely open backyard with plenty of room for the pets or kids.
Yes, it's a tough market to get into and prices are rising so this may present as a rare opportunity to get in without breaking the bank. And then either renovate at your leisure once you move in or do the immediate work and rent it out at say $430 - $450pw once done.
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