56 Huddersfield Road, Deer Park, Vic 3023
Sold: $442,000 (08-13-2016)
- hotel 3
- hot_tub 2
- directions_car 0
Like making easy money. Looking for that super charged investment that is positively geared and will provide fantastic future capital growth. Then look no further than 56 Huddersfield Road Deer Park.
Dual Income Potential ? Huge sleep-out in the rear. Currently one bedroom can easily be converted into two bedrooms. Positive cash flow. Potential returns of approx. $500 per week possible by renting the house as well as sleep-out. House currently 2 bedrooms , easily converted to 3 bedrooms. Potential for 5 bedrooms in total.
Huge Block ? 601sqm approx. perfect for future subdivision whist retaining the existing front dwelling.
Capital Growth ? Deer Park is booming at the minute and one of the last affordable suburbs remaining so close to the city. The median price in established Deer Park has risen almost 10% in the last quarter with more to come.
The existing home provides comfort and character, with original hardwood floors, decorative plaster-work, two bedrooms and multiple entertaining areas including kitchen/meals, formal dining (3rd bed conversion), family room, retreat off the master bedroom, gorgeous sun room and fantastic decked outdoor entertaining area that spills into the large low maintenance rear yard. Other features include heating, cooling, floor to ceiling tiles in bathroom and powder room, down lights, huge storage shed, smoker, off street parking for a multitude of vehicles and high front fence. With so many options the property is perfect for the investor with a long term plan who wants to sit back and collect the rent and then develop the land in the future, for the extended family that can have elderly parents living in the granny flat or for buyers looking for an affordable start who could live in the front house and rent the rear to help with mortgage repayments. If you are interested in making money from the property game, then the potential of this property needs to be investigated. I can guarantee the sums will add up with this one. See you on auction day.
