3/269 Eaglehawk Road Long Gully VIC 3550
Trendy Townhouse (5% Return)
Indicative Sale Price: $280,000 - $300,000
Elders Easy Sale Closes Wednesday 22 September, 11:00am at 46 Queen Street, Bendigo.
Floor to ceiling windows run the full length of the front of this trendy townhouse, flooding it with natural light, warmth, beautiful breezes and cross flows of fresh air. The clever choice of window furnishings provides total privacy and the ability to easily control the natural lighting and temperature.
Our team Elders Property Management have appraised the current market rent at $300 per week. This means that there's the potential for investors to realise a 5% return.
Investors will also recognise that market conditions change and the rental market may not be as buoyant (as it currently is) forever. An awareness of this fact brings a true appreciation of the value of the traits of this place. The traits of this townhouse ought to make it highly attractive to renters even in more challenging market conditions.
These traits are just as attractive to owner occupiers for the same reasons. Top of many people's criteria is a low maintenance home (tick), easy-care gardens (tick), light and airy open plan living (tick), modern and neutral décor (tick), quality appliances (tick) and generous storage (tick, tick!). See what I mean, this place really ticks all the boxes for renters and owner occupiers alike.
There's also scope for you to add your own value and creativity for greater personal enjoyment, capital value, and/or rental appeal and returns. Perhaps relocate the hot water service outdoors and free up even more cupboard space. Dress the outdoors with potted plants and vertical gardens. If possible, turn the carport into an enclosed garage with automatic roller door. Perhaps paint the external timbers and render the bricks to really modernise the property.
Noteworthy features of the modern interior include the well-proportioned two bedrooms with built in robes. Split system heating and cooling, brilliant kitchen with electric appliances (including dishwasher) and breakfast bar. The generous bathroom has a bath as well as a shower.
While outdoors there is a private courtyard with covered sitting area in addition to the verandah at the front. There is a garden shed, tool shed, a potting shed and ample space to grow veggies and tend to gardens and potted plants.
You'll enjoy the many lifestyle benefits of being positioned almost midway between Eaglehawk and central Bendigo and the approximate 5 min drive to each. There's immediate access to the number 53 bus service and sheltered bus stops either side of Eaglehawk road. There's also great access to schools, shops, food outlets, a hardware store, a pharmacy, medical facilities, Truscott Community Reserve, playgrounds and public parkland and gardens.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist