Nestled in the serene cul-de-sac of Archibald Road, this charming 3-bedroom, 1-bathroom bungalow with a single carpark on a freehold title, presents an opportunity not to be missed. Constructed in the 1950s with wood walls and tiled roof, both in good condition, this 91sqm home sits on a generous 340sqm section with an easy/moderate fall contour. The property has seen a significant Capital Value increase of 107.32% from $410,000 in 2017 to $850,000 as of June 2021. The HouGarden AVM estimates the property's worth at $790,000, while the latest sale in 2020 was for $523,000. The prospect of further value appreciation is clear, making it an attractive prospect for investors.
For families, the school network is a key highlight. The property falls within the zones of Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston School (Decile 3), and Kelston Girls' College (Decile 2). The current owners, originally planning for a long-term investment, have realized they can no longer hold onto this property. This presents a chance for a motivated buyer to snap up this little gem that's been meticulously renovated and cared for, and is now seeking a new family to cherish it.
Enjoying possibly the sunniest spot in the area, the property boasts an elevated position with a large front deck that captures all-day sun. The site is pancake flat with new fencing and established lawns, perfect for a secure site for pets or to simply enjoy the connection with the street and observe the local community. This property's layout and presentation are exceptional, making it an ideal choice for first-home buyers or investors who recognize the value of quality bungalows in a thriving community.
Updated on June 06, 2024