This attractive 4 bedroom Art Deco residence is currently divided into 2 units, offering a multitude of possibilities! Whether you are looking for a solid investment opportunity, ideal first home with the ability to earn extra income, or even an option for the extended family, this is an exciting proposition!
Built in 1960, this solid 2 storey rendered brick home is nestled in a leafy 683m corner block in the quiet, quality suburb of Newstead. Both units have been refreshed with new carpet and paint throughout, and benefit from the grand proportions of the era. The property is presently on one title but has the potential to be strata titled, with further renovation options on the 683m2 flat block (STCA).
With a rental estimate of $300 per week, unit 1 refers to the ground floor unit which features an entrance wet room, generous living and dining room, 2 large light-filled bedrooms with built-ins, updated bathroom, central kitchen and Euro laundry. The lounge also offers direct access to a cover patio area and garden access. The brick garage space for unit 1 has been covered into a studio/utility room, whilst the secure parking for unit 2 remains functioning. An internal stairwell means the units can be connected undercover for communal living or emergency access if needed.
Upstairs, unit 2 benefits from its own private side patio area, a spacious and airy lounge room split system heating/cooling with access to a 2nd balcony, 2 bedrooms, neat bathroom and an eat-in kitchen/laundry. The elevated position means this unit benefits from lovely views across the leafy suburb and mountain ranges, and offers a rental estimate of around $280 per week.
Newstead itself is a quality suburb with a strong reputation for premium schools including Scotch Oakburn College Primary and Senior Campus, St Thomas More's Primary School and Punchbowl Primary. The Newstead shopping hub features Coles, major banks, doctor's surgery, restaurants, chemist, post office, florist, giftwares, hairdresser and beauty salon, bakery and liquor shop.
162 Abbott St at a glance:
•Art Deco brick residence set in 2 units with connecting stairwell
•Double brick garage with semi conversion
•Exciting future prospects in a premium suburb
•Easy walk to shops, schools, park & services
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