On a Grand Scale
This property offers some grand proportions. Firstly it features three lots totalling 1214m2. Secondly, the existing home, which must be retained, is large and self contained on two of those lots. It is highset, single storey, unrenovated, but already features 4 bedrooms, separate dining and living, extra space off the living and an L shaped front deck. It also appears to be in good condition for its age and should be immediately liveable. Finally, we are talking big value, as the property is located in a quality pocket of a quality suburb. There are numerous options available but they all feature splitting one lot off from the house two create two properties. What you do from there, whether it is sell the land, renovate the house, build new or a combo of these is up to you. The simplest option should be achievable in 3-4 months from settlement and shows approximately 190k equity gain. Buyers just under $1.5m.