Location. Location. Location. That’s the real estate mantra for a property in a great position with huge potential and under-capitalised growth.
6 Anne Street ticks all these boxes and offers the astute purchaser an investment opportunity with excellent returns. Located within walking distance to town, ferry, parks and services, you can expect good rental income and future capital gains.
But first, you’ll have to put some love into this place as the residence needs a total makeover. However, the massive Colorbond shed is perfect to store your tools and materials, while contemplating how to improve the floorplan and bring this home back to life.
Sitting at the front of the 610m2 block and facing true North, this wide site has the bones of a good house. Hard to imagine now, as it’s fallen into disrepair and looks tired. But it’s nothing that a good architect, builder and town planner can’t remedy to recreate a happy home. So, get your A-Team together for this reno project!
THE GOOD
• Large 610m2 level block
• Shed with secure roller-door and slab floor
• Solar power
• New septic and hot water
• Close to everything
• Quiet, calm and natural setting
• All desirable
THE BAD
• Some work ahead
• Front fencing required
• Furniture to be removed— tip runs
• Decks need attention
• All visible
THE UGLY
• Façade, crowded by ramp
• Décor and aged fittings
• Dark kitchen
• Dingy laundry
• No floor coverings
• All is fixable
Currently, a ramp leads you to the entry vestibule and opens into a large room which could be made even more expansive, with some clever wall realignment. A timber deck runs the length of this living area with sliding doors opening the space further.
A makeshift dividing wall could easily be removed to open-up the kitchen, forming a massive family area incorporating a dining and dedicated lounge space, with room for a piano or pool table. The current laundry could be reinvented as a butler’s pantry, off the new sun-filled, gourmet kitchen.
The sleeping zone has 2 large bedrooms with built-ins (mind the loose wardrobe doors, they’re a little unhinged) and is serviced by a family-sized bathroom with tub and vanity, plus, there’s a separate loo. The walls need patching and painting throughout and new floors to replace the troubled carpet, wouldn’t be over-capitalising.
Then there’s the two back rooms beyond the kitchen (make of them what you will) but they could be converted to a parent’s retreat with ensuite and walk-in-robe. Or, being at the other end of the house away from the traffic areas, use them as a study or media room.
Outside, the block abuts a treed grove to the South and the country lane ambiance of Anne Street, rolls to the West to meet Judith Street. A quiet area, once a vast avocado orchard, it’s teeming with lush foliage, giant shade trees and birdlife.
Underneath the house, a surprise awaits. There’s room to move—even if you install a new laundry, build a workshop and perhaps, setup a wet-bar. You’ll also notice the solar power invertor (generating 3kW of energy); a new hot water service; and in the yard, a new septic system. The impressive shed is powered and has a concrete slab, waiting for your tools and toys.
Bring your imagination, as you can already start to see what a simple transformation could do, to liven-up this home. More glass, more light and more funky finishes would quickly get the blood flowing again. A new façade would definitely give the entire home a facelift and some sexy street appeal.
This location is irreplaceable, so whatever your desire, work with what it offers to build the home of your dreams. This neighbourhood is sought after by growing families, commuting professionals and empty-nesters, all looking for their forever home.
Don’t focus on the bad and the ugly, take courage in the good.
Get your A-Team onsite and start dreaming. Call Chris McGregor on 0420 555 997 to give 6 Anne Street the life she deserves.
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