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50 Nelson St, California Gully

SOLD

4 1 4 650 m2

Four bedroom family home on 650m2 with sub-division potential

  • Ideal first home for those requiring four bedrooms and a great corner block
  • Large corner block of 650m2 ideal for two lot sub-division
  • Very affordable entry for the small developer looking for opportunity
  • Kitchen/meals area and separate lounge with split system inverter
  • Four bedrooms making it a fantastic renter (Est $250 pw) or onsell for the developer
  • Only minutes to both central Eaglehawk and Bendigo CBD
  • Ideal block for family wanting to live in and build a new home on same block for parents
  • Close to all amenities and short run into the new hospital

 

This very neat and tidy home is close to all amenities and it presents a great opportunity for the investor looking for immediate yield whilst undertaking a two lot sub-division. Opportunity exists to build a new home on the same block whilst retaining the existing home for ongoing rental returns or to onsell the existing home. A very affordable entry for this type of opportunity. The new home would rent for an estimated $300 per week and the existing home has been previously leased at $250 per week, making it a high yielding return of potentially 7% to 8%. Upon completion of the sub-division the existing home could still onsell for $200,000 on the smaller land allotment.

 

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Features

Fenced Low maintenance Level Block Close to school

Details

Address 50 Nelson St, California Gully
Price SOLD
Property Type Residential
Property ID 167
Category House
Land Area 650 m2
Floor Area 110 m2

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Gavin Butler

0427 887 766