29&29A John Street, Elwood, Vic 3184

BIG return, BIG land, BIG opportunity! Home buyers, investors, developers, all the sums add up and equal an unlimited buying prospect with the absolute LOT! Cleverly designed as two fully separate, self-contained residences that have the flexibility to be linked into one residence. Offering off street parking for 2 cars and a sensational allotment of prized Elwood land. In excellent condition throughout and currently let (returning $50,316p.a. approx) providing astute investors instant rewards. Bursting with all kinds of options... rent one, live in the other and pay down the mortgage... rent both, establish as one family residence or redevelop/extend/build subject to council approval. Enormous backyard with beautiful treed outlook in the distance. The potential upside is plentiful. Perfectly located to Ripponlea train station, Elwood Village, Tennyson St shops, canal walking/cycling path & easy walking distance to the beach.
Each comprising:
2 bedrooms with robes
Lounge & dining area
Spacious kitchens in tip-top condition with gas cooking
Internal laundry facilities
Gas heating
29a features sun-filled lounge with bi-fold doors opening to massive rear garden
29 John St currently let $1,847 pcm (exp 22/11/2013)
29a John St currently let $2,346 pcm (exp 15/11/2013)