Instant Appeal & Future Promise on 480m2
Surrounded by the convenience of local shopping, bars, restaurants, and parkland, and tucked away in an often-forgotten pocket of Paddington, this appealing property ticks so many boxes. Lending itself as the perfect opportunity for an investor, young family or first home buyer, it is ideal for those with big vision of what could be. Positioned on a 480m2 block, this property boasts a future potential that will inspire.
Currently, the home presents the opportunity to remove, renovate and restore, or upgrade and utilise as an eleven-bedroom boarding house (subject to council approval). Cascading over two generous levels, the layout consists of multiple living, dining, and outdoor spaces to relax, study, or socialise. There is a kitchen to each level as well as a kitchenette at the rear in the separate one-bedroom studio. The property is serviced by two central bathrooms, one ensuite, and a fourth bathroom servicing the studio.
Enjoy all the benefits of this unbeatable location, such as close proximity to restaurants, cafes, nightlife, hospital, and transport, plus you are an easy walk to the city, parklands and sought-after schools. This property offers returns of up to $1900 per week and is ideal to update and create a boarding house for students.
With its classic surrounding architecture this is a great place to be and offers a marvellous sense of opportunity for the discerning buyer! It’s not often that a property like this hits the market it will not last long. Act quickly to secure!