House for Sale7 days on Homely

Dual Income Potential

36 Princeton Avenue, Cape Woolamai, VIC 3925

4 bed2 bath1 car
Statement of Information
This sensational home boasts the potential for dual income with the added benefit of a self contained studio apartment on the ground floor of the property. Take advantage of the growing demand for holiday rental accommodation in one of Australia's premier tourist destinations. Located in a prestigious area of Cape Woolamai, opposite a coastal reserve and only a short walk to Cape Woolamai's famous surf beaches.

The lower level opens onto a large family room with tiled flooring and a spacious studio apartment complete with kitchenette, and currently tenanted for $800 per month. Without a great deal of work this whole ground floor area could easily be set up as separate holiday accommodation. There is also a laundry with shower and separate toilet on this level.

The first floor of the home offers a large open plan living and dining area featuring beautiful timber flooring, timber cathedral ceilings and state of the art pellet heater as well as split system heating/cooling. Large sliding doors provide access to the partially covered West facing deck and balcony, ideal for entertaining. The updated kitchen features 900mm stainless steel oven, gas cooktop with rangehood, dishwasher, double sink and plenty of bench space and storage. The master bedroom features parquetry flooring, timber pitched ceiling, double built in robes and semi ensuite with claw foot bath, separate shower, vanity and separate toilet. There are a further two bedrooms, both with built in robes.

Other features include bluestone paved driveway, wrought iron feature gates, a single lock up garage, patio area in the backyard, solar power and a fully fenced yard on a 584 square metre allotment (approx..)

The spacious layout of this home, it's proximity and access to the beach as well as its potential to achieve income from dual occupancy makes this property a fantastic investment opportunity. Call today to arrange your inspection.

Main details

Price:$575,000Address:36 Princeton AvenueSuburb:Cape WoolamaiPost Code:3925Type:HouseBedrooms:4Bathrooms:2Car Spaces:1

Land Details

Area:584 m²

Comparable Sales Data

Statement of Information:View

Additional Features

Garages:1Living Areas:2Toilets:2

Schools in and around Cape Woolamai

2.8km from propertySecondaryPrivateInter-denominational
2.8km from propertyPrimaryPublicNon-Denominational
3.3km from propertyPrimaryPublicNon-Denominational
11.2km from propertyPrimaryPublicNon-Denominational