Property ID: 1P5426
2 Ithome Street Wyong NSW
Guide $880,000 - DUAL INCOME
- 5
- 2
- 2
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House
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For Sale
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Sat 20th of Jul02:00 PM - 02:30 PM
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524.8 sqm
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2
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$1,888.16 Per Year
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$1,062.99 Per Year
TWO COUNCIL APPROVED HOMES = DUAL INCOME DA APPROVED FOR 3 RESIDENTIAL TOWNHOUSE DEVELOPMENT
Positioned in a top location on the East side of Wyong, opposite Baker Park Sporting Complex, within walking distance to the heart of town this property is a highly desirable piece of Wyong Real Estate. Welcome to 2 Ithome Street, Wyong.
Boasting a current income of $710 per week with room to improve, the property hosts a 3 bedroom home plus a council approved 2 bedroom granny flat. Both homes enjoy street frontage, separate fenced yards, off street parking and a carport. There is scope to increase the rent return to a current market value in the vicinity of $800 per week.
Set on a 524.8m2 block with an R3 Medium Density Residential zoning the property also has DA approval to demolish the existing dwellings and build 3 Residential Terrace Style Townhouses. (plans available on request)
This is an ideal opportunity for the home buyer looking for an extra income to help pay the mortgage, for the investor looking to maximise their return or the developer looking for the next project.
Dual income properties with DA approval for a small development are extremely popular and rare. The location, functionality and potential of this block make it a premium package not to be missed.
• Council Approved – 3 Bedroom House and 2 bedroom Granny Flat.
• Current return of $710 per week.
• Zoning R3 Medium density residential.
• DA Approval for development of 3 Residential Townhouses
• Walk to local schools, shops, rail and CBD.
DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, First National Real Estate Coastwide, does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability and recommends that any client make their own investigations and enquiries. All images are indicative of the property only.
Boasting a current income of $710 per week with room to improve, the property hosts a 3 bedroom home plus a council approved 2 bedroom granny flat. Both homes enjoy street frontage, separate fenced yards, off street parking and a carport. There is scope to increase the rent return to a current market value in the vicinity of $800 per week.
Set on a 524.8m2 block with an R3 Medium Density Residential zoning the property also has DA approval to demolish the existing dwellings and build 3 Residential Terrace Style Townhouses. (plans available on request)
This is an ideal opportunity for the home buyer looking for an extra income to help pay the mortgage, for the investor looking to maximise their return or the developer looking for the next project.
Dual income properties with DA approval for a small development are extremely popular and rare. The location, functionality and potential of this block make it a premium package not to be missed.
• Council Approved – 3 Bedroom House and 2 bedroom Granny Flat.
• Current return of $710 per week.
• Zoning R3 Medium density residential.
• DA Approval for development of 3 Residential Townhouses
• Walk to local schools, shops, rail and CBD.
DISCLAIMER: This advertisement contains information provided by third parties. While all care is taken to ensure otherwise, First National Real Estate Coastwide, does not make any representation as to the accuracy of any of the information contained in the advertisement, does not accept any responsibility or liability and recommends that any client make their own investigations and enquiries. All images are indicative of the property only.
Features
- Living Area
- Built-ins
- Close to Schools
- Close to Shops
- Close to Transport
