Property Description

Calling all investors, renovators, builders, first home buyers or even developers !! Offered for sale is this three bedroom brick veneer home that is situated on the corner of Walker and Farley Streets Casino. Yes, that is correct Walker Street - one of the main streets of Casino - which obviously means it is located very close to the CBD. The house itself has lots and lots of potential. With a very sunny position on the corner block you enter via the front door into a small foyer area which leads to the lounge room and into the hallway, (which contains loads of storage space). A separate dining room is between the lounge room and the kitchen. The kitchen is relatively new and very functional. The three bedrooms are located off the hallway and the main has very unique ornate cornices and is air conditioned. The bathroom is big enough to accommodate all your needs and with solar hot water you can practically shower for free !! The house sits on a 552sqm block which also contains a single lock up garage with entry from Farley Street. The property is fully fenced and is big enough for the veggie garden, a kids playground or development into other types of accommodation. As suggested, there are some renovations to do - that is why it would suit someone who wants the challenge, but also the reward of renovating a house back to its former glory. Either way you look at it, this is an opportunity to enter into the housing market at a minimal cost but with a maximum return. For instance if you bought it as an investment - at the current price of $185,000 plus renovations of $15,000 you would own a house that would return a rental income of approximately $270 per week. That equates to over a 7% gross rental yield. - Better than any banks. Priced accordingly, the vendors have marketed the house, taking into consideration the renovations, so with keen vendors and heaps of potential this property wont last long.