Some properties ask you to make a decision immediately. This one gives you the freedom to make the right one.
Set on a generous block with valuable rear lane access, 9 Hopetoun Street offers a rare combination of immediate rental income and outstanding future potential.
At the front of the property sits a character-filled 1930s three-bedroom cottage. While time has taken its toll and the home requires substantial renovation, including repairs to sections of the flooring, it still retains a functional kitchen and bathroom and presents an exciting opportunity to restore a classic home.
Alternatively, buyers may see the greater opportunity in removing the existing dwelling and building a brand-new residence (subject to the necessary approvals), while retaining the valuable improvements at the rear.
The true hero of this property is the modern granny flat positioned privately at the rear of the block with its own rear lane access and double garage. Approximately 10 years old, the residence is currently leased to long-term tenants returning $440 per week, with tenants keen to remain. That rental income provides immediate cash flow while you carefully plan the future of the front residence-whether that's a renovation, redevelopment or complete rebuild.
A large drive-through carport provides convenient access to the backyard, making the property equally attractive for tradespeople, builders and those requiring secure off-street parking.
Property Highlights
Original circa-1930s three-bedroom cottage.
Functional kitchen and bathroom.
Structural repairs required, including sections of the flooring.
Large drive-through carport with access to the rear yard.
Modern granny flat (approximately 10 years old).
Double garage servicing the granny flat.
Separate rear lane access.
Granny flat currently leased at $440 per week.
Long-term tenants happy to continue their lease.
Immediate rental income while planning your renovation or redevelopment.
Separately fenced front and rear residences.
Outstanding opportunity for investors, builders, renovators and developers.
Whether you're searching for your next renovation project, a redevelopment opportunity, or an investment with immediate holding income, this is a property that offers flexibility rarely found in today's market.
