Location, Renovation or Investment

BEO $1,300,000

Located in highly sought after Scarborough Terrace, this charming circa 1890's villa needs some new love to maximise its true potential, but makes for a great home and/or investment in the interim.

Already subdivided into two separate titles, there are many options! Combined of RV $1,810,000 and a current total rental income of $1,440 per week.

Currently two flats (three bedrooms up and two bedrooms down), it is ideal as a Home & Income, but could convert to a large family home with relative ease.

The sunny upstairs three-bedroom flat has views over the city and includes open plan living, an efficient woodburner (with handy firewood), user-friendly attic ladder with loads of storage, and great indoor/outdoor flow to the fabulous flat backyard.

Backing onto the town belt, you'll enjoy beautiful bird songs and immediate access to some wonderful bush walks. Incredibly tranquil, its hard to believe the city is so close!

Downstairs also has an open plan kitchen and spacious lounge, two bedrooms, bathroom and like the upstairs flat, it includes a car park and faces west for good afternoon sun.