The ex-govie is a common housing type across Canberra and one of the most sought-after among young Canberrans looking to establish a future family home. But this one is an especially exceptional find, given its versatility and potential.
We purchased the property prior to auction on behalf of our Australia-based clients, who were looking to use it as an investment. The intention was to elaborate on the existing property to create further equity, through either a cosmetic or more significant structural renovation.
The home is already extremely well-presented and in lease-ready condition, but we see a lot of exciting potential.
It sits on a level 760sqm RZ2 block with a 20-metre frontage, meaning we could look to subdivide the property in the future. Further down the line, also the possibility of accommodating a cosmetic or more significant structural renovation to boost the home’s equity even more.
Would you like to know more about these case studies or are thinking about purchasing and want some advice? Book a complimentary 30-minute session with a Milk Chocolate purchasing expert by clicking here.
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