This home is set at the back of the 2286sqm level block. Development Approval (stcc) has been granted to subdivide the block into 2 lots: the house block to be 1001sqm and the vacant block 1285sqm. You can live in this 4 bedroom home with renovated kitchen and bathroom and sell the vacant block now. Or you can keep the house block and collect the $220 per week the tenant pays and sell the vacant block now. Or you can live there and enjoy the space knowing that you are sitting on good money if and when you decide to subdivide. The best thing about all of this is however, that the vendors are hugely motivated to sell.
The house is in good condition with steel stumps and good paintwork and the yard is fully fenced. This is a good deal whichever way you look at it.