With 4 separate residences, the possibilities are limitless with this property. The main home provides four bedrooms, two bathrooms, a spacious living room with adjoining kitchen, ducted heating, split system cooling and soaring ceiling heights. It has an estimated current rental value of $400 per week. The 3 cottages are all currently tenanted are returning $600 per week. The astute investor could achieve $1000 rental income per week, $52,000 per year. Wow! This investment opportunity is too good to miss!
Other options are to live in the spacious family home and enjoy having $600 per week of rental income to help pay off your mortgage. Or with multiple dwellings, this property would also appeal to extended families.
The Outlook was a very popular family getaway in the 1920s and 1930s. Set in beautiful gardens, the main residence has been refurbished in recent years, but retains many of its original Californian Bungalow features and charm.
The comfortable cottage at the front of the property provides a bedroom, living room with open fire place, split system, kitchen/meals, laundry facilities and a bathroom. The other two cottages are set at the rear of the property. One consists of a combined lounge/bedroom with open fire place, kitchen with polished floors, bathroom/toilet with laundry facilities. The other has an open plan kitchen/lounge, a bedroom, split system, and bathroom/toilet with laundry.
The property is literally a few steps to the main shopping village, the local childrens park, tennis courts, and is nearby to schools and bus links that connect to trains at Lilydale, Croydon and Mooroolbark.
This is a terrific and versatile property that will appeal to investors, home buyers that would like to benefit from a healthy rental income, extended families, and lovers of historic homes.
Prior Offers Invited.