Invest & Value Add

Indicative Sale Price: $380,000 - $410,000.
Elders Easy Sale Closes Thursday 8 April, 4:00pm at 46 Queen Street, Bendigo.

It has been said that successful property investors are able to take a businesslike approach. They minimise costs, maximise revenue, and keep a close eye on their cash flow. It's also widely understood that real estate is one of the few investments that you can easily add value to.

Many buyers look for brick veneer homes like this, because they value the fact that bricks reduce the need for ongoing maintenance costs. Solar systems such as this 14-panel system, also represent a reduction to the cost of living for households. What also sets the property apart from others in the market is the brilliant shed and the two-bedroom sleepout.

If offered to the current rental market, our property management team would expect there would be a very high level of interest from prospective tenants. The appraised rental value is available on request.

Each of the three carpeted bedrooms inside the house have built in robes and curtains. There are timber floors to the hallway, lounge, kitchen and dining. The dishwasher, new vinyl to the laundry, modern bathroom with bath and shower; and additional laundry cupboard storage are features to enjoy immediately.

If you're looking to add value to the property, on inspection you'll be pleased to see how far you can stretch your dollars. I suspect that a building and pest inspection will confirm that the built improvements are in great condition. Therefore, the money that you'd have otherwise been investing in repairs, can instead be spent freshening and modernising the property.

The place would be transformed with low cost, big impact improvements. Fresh paint, re-surfaced timber floors and clever kitchen updates would be so impactful. Outdoors the street appeal could also be transformed. There are many examples where the low-cost investment in painting roof tiles, updating windows to modern framing units; and adding other textures and design elements to a façade, have added a significant amount of value.

The lifestyle benefits of this location are numerous. By car or bus, you will enjoy great access to nearby picturesque natural surrounds and popular amenities. The number 61 bus route connects you to the Bendigo CBD, Railway Station, La Trobe University, Kennington Village, Strath Hill and Strath Village. The nearby Harley Street Cafe and Edwards Providore are two very popular destinations for those who have just enjoyed a shop, a visit to a nearby gym or pool, time at a playground with the kids or grandkids or a walk around the Reservoir with friends.

A businesslike approach to this brilliant property will surely pay dividends for you!