CHAMELEON OF LOXTON AVE
This superbly presented and master built property, offers any investor the choice to change their attitude on how best to make the most of this wonderful opportunity that has recently come on the market.
This large home of double brick and tile construction with 6’’ floor division, will withstand anything that the beautiful Iluka climate can throw at it in a bad temper.
The house itself sits on 703m2 on the corner of Loxton Av and Koala Close – it has duel access, with lots of room for the boat and trailer, plus a large caravan, plus 3 lock-up garages for the cars. Originally a large 5 bedroom home with study/ library, it has been altered to 2 separate units, each with their own separate electricity meters.
The main unit has 3 very comfortable bedrooms, with carpet and built-in wardrobes, bathroom, and a really attractive open plan living /dining room, which opens on to another thermally covered entertainment area with wind and shade curtains – this area is large enough to hold a 12 seat table, BBQ, and still has enough room to stroll around – this verandah goes around 3 sides of the house, with views towards the river, about 250metres away. The modern kitchen has recently been renovated with new electric appliances and double sink. The unit has ducted reverse cycle air-conditioning. On top of all this there is an attic with drop-down ladder for extra storage if needed.
The bottom unit is equally well presented, with two large bedrooms, open-plan living/ dining area, modern kitchen and air-conditioning.
Both units have private entry, their own garages and laundries etc and have been passed by Council for separate letting.
The delightful garden with immaculate lawns, raised vegetable beds and good fencing, have all been very well maintained.
This quality property, if both units are let, would show an astute investor around 5% net return after rates and agency fees – or, it could become a very comfortable, large family home, or, a home for the family in need of an easily accessible Granny flat for separate living. The choices are there.
Contact Ian Dunbar on 0414 949 531