Original 2 bedroom cottage is set on 481m2 of land zoned high density means that your investment will have ever increasing capital gains based on land values alone.

Under the Lutwyche corridor neighbourhood plan, this home has no demolition control (you can remove the house) and you get a gross floor area of 360m2, subject to council approvals of future dwellings. This zoning is extremely finite so ring now to buy, hold and profit.

The current home could be rented in its present condition for around $350 a week with some repairs, but if you were to renew the floor coverings, tart up the kitchen and some improvements to the bathroom, rent could increase to around $400 a week.