286 North Street, Grafton, New South Wales 2460

$ 320,000

Date listed: 11/10/2019
House 6 3 4

North Bound Returns

Well known for its peaceful and quiet nature, North Street in Grafton is a fantastic location that takes full advantage of its less dense residential surroundings, yet still boasts a brief drive to shopping facilities and Grafton CBD. Within close proximity to schools, aged care facilities, parkland and Grafton Base Hospital, it is easy to see why properties in this street are highly sought after, be it by owner occupiers or investors.

286 North Street is a spacious investment opportunity offering the potential for fantastic rates of return with a surprisingly low initial investment. Key features of the home include:

- Five spacious bedrooms
- Additional study with built-ins
- Two full bathrooms
- Additional shower and toilet downstairs
- Open dining and living
- Multiple indoor and outdoor living spaces
- Large entertaining deck
- Timber, country style kitchen
- Exceedingly generous under home storage spaces
- Dual carport and tandem lock up garage
- Side access to large rear yard

A key benefit to this property is its exceedingly versatile layout and design; providing separate living yet keeping a natural flow, meaning all rooms can be utilised fully without occupants feeling as though they are living on top of each other. In its current state the property has been rent appraised for $350 per week. With very minimal changes the opportunity to lease two separate units within the home could exist; providing a one bedroom fully self contained unit likely to achieve a return of $180 per week and a spacious five bedroom unit with additional study likely to achieve $320 per week.

For the savvy investor ready to do a minimal amount of work, this property has the potential to be the crowning gem of their investment portfolio, bringing a fantastic rate of return and secure their wealth long into the future. Interested parties should not delay, contact Harrison on 0435 066... to arrange your inspection.

Property Type
Car Spaces
Property Status
Just Listed
286 North Street
New South Wales 2460
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