Overlooking the Henderson creek with views to the cityscape and harbour bridge this freehold 312 sqm section is set down the driveway off the road and is available as-is for less than land value.
Originally built in the 1920s as a railway cottage, it was then moved to this site in 1996. The property was replied, reroofed, plumbed and electrically updated several years ago. The deck was also added at this time (1994) and is over 1.5 meters above ground level with no evidence of a building consent on file.
The exterior cladding does need attention and the vendor has the materials stored at the property, which will be left with the sale. There was intention to upgrade the property however the long term vendor is out of their depth for the scope of work and having had a number of first home buyers make good offers and fail due to the renovation scope they are ready to quit the property for less than the current council land value of $630,000.
The neighbouring property on the road front started with the same blueprint, with a robust renovation and a budget of $120,000 has a reflective market value of $840,000 to $870,000
There are three bedrooms with a good sized separate lounge and combined dining kitchen space.
The property does have a heatpump, insulation in the ceiling and underfloor with moisture barrier, however it is currently owner occupied so there will be maintenance and ventilation requirements to meet the healthy homes criteria.
Lots of options...
Renovate to add value and hold
Renovate to add value and sell.
Or do minor remediation, tenant to hold, and renovate later.
All very viable options. Viewing is by appointment only please contact today.
There is a viewing at the Open Home this Saturday 13th April between 11am - 12pm. We request people to confirm their attendance.
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