24 Third Avenue, Chelsea Heights VIC 3196

Investors take note! Rent potential $630 per week!!!

Front home potential $380 per week, bungalow $250 per week. Huge income potential.

Cottage charm is evident and opportunity is in abundance with this lovely weatherboard home and separate bungalow. Offering approx. 700m2 of land the homes are positioned in the heart of Chelsea Heights in a beautiful street you are walking distance to Chelsea Heights Primary School, Chelsea Heights Kindergarten is across the road, the bus to the station is in your street, specialty shops including a doctor, chemist, supermarket and post office are less than 500m away - this really is a great location! Comprising of the following features:

MAIN HOUSE:

- 3 bedrooms plus study, bedroom 2 has a sitting room or could be converted back to another bedroom if needed
- Good size lounge room with original carpets and wall paper. Split system air conditioner
- Large original kitchen with dining space and split system, gas cooking in working order
- Study
- Central bathroom, clean and functional
- Separate laundry with separate toilet

BUNGALOW:

- Lounge room with heater
- King size bedroom with en-suite
- Functional kitchen and dining room
- Separate laundry
- Private rear yard

Option 1 - Develop (STCA). This is a great block for 2 prestige townhouses, while at council collect a very healthy rental income with 2 potential returns, (bungalow currently collecting rent)

Option 2 - Dual living. Perfect for families that need 'in law' accommodation. Keep mum and dad close by and safe with them living on the same property. Keep your own privacy by being in the main home.

Option 3 - Renovate and reap the rewards. This home is original but has good bones and offers scope to make an excellent family home. Keep or remove the bungalow - there is space for a pool!

Option 4 - Home business (STCA) Renovate the main home and run the business from home, save on renting costly office/warehouse space and use the bungalow to keep the business affairs private

A unique opportunity in a handy location, this one will not last long. Call today to arrange your inspection.