Type of Property: House
Reason of Purchase: Investment3 1 2
Anyone who knows us here at Hot Property, will know that we love buying a good renovator!
So take a look at this one.
Recently purchased for a time poor client working fly in fly out, this Holland Park renovator has great bones, but is in need of a cosmetic renovation.
Purchased on market, Zoran Solano found that a lot of buyers where overlooking the potential of the property which was the ability to reconfigure the dwelling into a 3 bed 2 bath ensuited house without the need to do major structural changes.
This along with a cosmetic renovation, could provide our client the opportunity to manufacture some equity and increase their rental returns.
Purchase Price: $625,000
Block Size: 637m2
Bed / Bath / Car: 3 / 1 / 2
Distance to CBD: 8km Direct line
Notes: opportunity to renovate & reconfigure the dwelling to a 2 bathroom without the need for major structural works.