66 Alford Street, Kingaroy QLD 4610

A unique opportunity has presented itself with this charming home set at the front of a fenced 1915 m2 block. BA approval has been given for 5 units to be built at the rear of the property, still leaving plenty of room for everyone. The home offers 4 bedrooms, original solid timber kitchen, separate lounge and dining - the L-shaped sunroom can be used as the 4th bedroom. There is r/c air in the living, polished hoop pine timber floors throughout, ceiling fans plus a second shower and toilet downstairs. Outside you will find a single lock up garage attached to the home, a second single lock up garage with workshop at the top end, chook run and garden shed. With a little TLC, this home will freshen up beautifully. The home is centrally located and, if you were to build units at the rear, you will have an income for your future. The owner has been through the D.A. approval process but also the B.A. approval process (2010/11), including all the Geotech and survey requirements and can also provide a complete set of 'as built' drawings, drainage plans and electrical and footing system plans. Each proposed unit has a lock-up garage and laundry, both a shower and a bath in the bathroom, plus a separate toilet. The main bedroom has access directly into the 2 way bathroom and out to the Alfresco area that is also off the lounge/dining area, and the kitchen has a nice sized L shaped bench configuration and a pantry area. The property is 1915 M2, Zoned Res B and the current BA allows for the existing building to remain, so in total there would be 6 homes allowed on this land. These could let out for about $240 per unit, plus the house is currently let, not renovated, for $230 per week. This is a total income of $1,430 per week/$75,790 P.A. approx. With this property, being so close to all the amenities of the town, school, park and swimming pool, it would be very attractive to a developer, or even as a home with future potential for a private buyer. Given what other properties with DA approval for units are listed at: (E.G. $430K), 66 Alford Street is a bargain at $198K. Both investors and people with self-managed super funds should be looking at this property as a solid investment for the future.