$540,000

4 Bed  •  2 Bath  •  0 Car  •  818m²

Main view of Homely house listing, 48 Drouin Road, Longwarry VIC 3816
Floorplan of Homely house listing, 48 Drouin Road, Longwarry VIC 3816
Second view of Homely house listing, 48 Drouin Road, Longwarry VIC 3816
+18

Sold

48 Drouin Road, Longwarry VIC 3816

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$540,000

  • 4
  • 2
  • 0
  • 818m²

House Sold on Mon 15 Aug, 2022

What's around Drouin Road

House description

“High potential rental yield | Large block with sub-division potential STCA | Invest or occupy”

This neatly upgraded brick veneer home is positioned on an enormous allotment of approximately 818M2.

The purchaser will benefit from the option to capitalise on a multitude of options:

- Enjoy a high rental income from BOTH the main dwelling as well as a separate bungalow. The combined rental return may be in the vicinity of $550 per week (please speak to the agent for more information regarding this).

- Enjoy living in a neatly updated home on an enormous, family friendly allotment of over 800M2.

- Explore the viability of sub-division in future (STCA). The property may lend to the option to sub-divide the land in future to make way for multiple dwellings.

The home offers:

- Three bedrooms, two living spaces and a family friendly bathroom
- Potential to rent the home out for approximately $350 per week
- Neatly modernised with an updated kitchen that boasts gas cooking, electric oven, double sink as well ample cupboard and bench space
- A large, light filled living space enjoys an ambient open fireplace
- A secondary living / rumpus space extends from the rear of the home
- A paved and covered outdoor entertainment domain wraps the rear of the home and enjoys a vantage to the rear yard
- Good sized bedrooms
- A functional, family friendly bathroom offers a single vanity, bath tub and separate shower
- A separate laundry and a separate toilet add to the functional appeal of the property
- Neatly landscaped with low maintenance gardens
- A well oriented home that captures lots of natural light
- The yard is fully fenced
- Ducted heating
- Split system cooling

The bungalow offers:

- One bedroom, one living space and a freshly renovated bathroom
- Potential to rent the bungalow out for approximately $200 per week
- A new kitchenette with cupboard and bench space as well as a kitchen sink
- Heating and cooling

The South East growth corridor is developing at a rapid pace. Longwarry continues to expand and develop as more folks capitalise on the relative affordability and the enticing lifestyle that is on offer.

As development and expansion continues to take place, land values are poised for significant growth in the long term.

This property represents an appealing opportunity to secure a solid home with a high potential rental return on a large parcel of land; all of the ingredients of a rock solid long term investment prospect.

Land details

Area: 818m²

Documents

Statement of Information: View

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48 Drouin Road, Longwarry VIC 3816
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