Opportunity Knocks on Gloucester $475,000-$545,000

This is a property with an abundance of promise in a great city location. Extend and evolve - or demolish and develop? The opportunities are endless.

Set on a 508m2 parcel of land, this home has the potential to be a perfect starter home, the next addition to an investment portfolio, or a developer's new playground.

There's no doubt that this c1910 bungalow has wearied a little over the years, but with fresh paint just completed throughout you've got a head start on the updates. But for the project-minded, there's plenty of room to breathe new life into the bones and add value.

The floor plan is currently configured with a kitchen and dining - or family living - at the rear of the house, complete with a log burner. A large separate lounge is situated at the front of the house. There are also 2 spacious bedrooms. With some clever planning and reconfiguration, there is the potential to create an open plan living space, or even fashion a third bedroom.

Gloucester Street holds huge appeal as a city-close location. A 3km commute to the CBD, less than 1km to Eastgate Mall, and numerous other amenities on your doorstep makes it a popular choice for many!

In this fast-paced market, this property will not last. So, don't miss out on the opportunity!

Floor Area: 120m2
Land Area: 508m2
CV: $330,000
LV: $170,000
IV: $160,000
Rates $2,345.92
Built 1910 - 1919
Land: TC2
EQC: CLM/2010/030576, CLM/2011/050673
Insured through: AMI; Policy #: 3487777D01; Sum Insured for: $524,900
School Zones: Whitau School, Hagley Community College
Bus routes nearby: Route 5, Or Orbiter
Legal Description: LOT 2 DP 12814


*The accuracy of this information cannot be guaranteed, and all interested parties should seek independent advice.

Nathan Najib

m027 514 0775