SoldMay 28, 2018

51 Mill St, Kennington, VIC, 3550

$710,000

6
4
2
1294 m²

House

30+ days on the market

Sold: May 28, 2018

What's around 51 Mill St

Substantial Offering in Blue Chip Position with 3 Residences

Extremely impressive and incomparable in its uniqueness, is this architecturally designed property, situated in one of the most exclusive areas in popular Kennington. - Outstanding residential or investment flexibility is on offer with 51, 51A and 51B Mill Street, being offered to the market as a whole on one Title - measuring 1294m2 in land size. - Spacious and well-designed brick veneer residence comprises 4 bedrooms, study, 2 bathrooms, kitchen/meals, large lounge and beautiful in-ground pool. - There are two one bedroom, fully furnished studio apartments that each comprise a living room, bedroom, kitchen and bathroom facilities. - The property has a history of returning $1030 (approx 7.5% return) per week in total. - Imagine living in this blue chip position, utilising the residence as a home and achieving up to $600 per week (combined) for the two studio apartments. Alternatively it's a perfect option to utilise the studios as accommodation for teenagers or elderly family members. The property has only exchanged hands once in the past, so a rare opportunity presents itself to become only the third owners of this adaptable residence, which provides a lifestyle that's reminiscent of living in a holiday house permanently.

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Seller's review

almost 8 years ago

Honest and reliable

Bawa recently managed the sale of my property he was professional, prompt with answering any questions and very helpful and supportive with all aspects of the sale. I would highly recommend him as a property sales manager.

S
Seller

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