With a great location only 5km from the city centre and nestled in a quiet street amongst a mixture of traditional and modern homes, this character bungalow, sited on a generous 717m2 (Approx) rectangular allotment offers a tempting treat for home buyers, renovators, investors and developers alike.
Currently configured as 2 separate units, the property offers an immediate income stream for the astute investor who wishes to purchase and hold with the rear portion of the home currently being leased for $350 per week until December 2019. Developers will however be curious to explore the potential subdivision possibilities of the large allotment (STCC), while renovators and homebuyers looking for value will be keen to transform this character residence back to its former glory, creating an enviable family home.
3.05m ceilings, high skirting boards, art deco features, character doors and ceiling roses flow throughout, where 9 main rooms, including 2 kitchens, propose a plethora of future use possibilities.
The front unit offers a spacious eat in kitchen, one bedroom, bathroom and generous lounge while the large rear unit boasts 3 bedrooms, study, generous bathroom and open plan kitchen, dining and living room. Fresh floor coverings, split system air conditioners and skylights overhead combine to provide comfortable and cosy accommodation with built-in robes to the majority of bedrooms.
A 3 car carport will accommodate the family vehicles while a generous paved rear verandah offers a sunny north facing, outdoor living area, overlooking a traditional rear yard with sweeping lawns, established trees, generous shedding and lean-to.
Investors, Developers and Homebuyers are urged to attend an inspection to see first-hand the multi-use potential of this fabulous solid brick bungalow.
Briefly:
* Character bungalow on generous traditional land holding
* 717m2 allotment (Approx), rectangular and level
* Currently configured as 2 separate units
* Great investment opportunity with the rear portion of the home currently being rented for $350 per week until December 2019
* Perfect allotment for future sub division (STCC)
* Total of 9 main rooms including 2 kitchens
* Front unit with lounge, eat-in kitchen, bathroom and bedroom
* Rear unit with 3 bedrooms, study, dining, living and kitchen
* 3.05m ceilings, high skirting boards, art deco features, character doors and ceiling roses
* Skylights to the rear unit
* Split system air conditioners to both units
* Both bathrooms with floor to ceiling tiles
* 3 car carport
* Wide paved rear verandah overlooking north facing rear yard
* Good size shed plus lean to
Perfectly located within walking distance to the Payneham Oval and it sporting, playground and community facilities. The Payneham Swimming Centre and Library, plus the River Torrens Linear Park, are also close by for your exercise, health and well-being. Public transport is close at hand with a bus route just around the corner. Both Marden & Firle Shopping Centres are within easy reach, perfect for your weekly grocery and specialty shopping. Local Schools include East Torrens and East Marden Primary Schools with St Josephs and Trinity Gardens Primary plus Marden Senior and Charles Campbell Colleges.
Property Details:
Council | Norwood Payneham St Peters
Zone | Residential
Land | 712sqm(Approx)
House | 190sqm(Approx)
Built | 1924
Council Rates | TBC
Water | TBC
ESL | TBC
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