Nestled in the serene Bishopdale, this well-maintained brick home at 2/6 Topaz Place offers a smart investment opportunity on a cross-lease title. The property, built in 1987, features 3 bedrooms, 2 carparks, and a floor area of 135 square meters. With an iron roof and good condition brick walls, it presents a charming living space. Notably, the capital value has seen a significant increase of 44.44% from $450,000 in 2019 to $650,000 as of 2022. The latest sale history shows transactions at $410,000 in both 2019 and 2018, while the HouGarden AVM estimates the property at $602,500.
For families with school-aged children, the property falls within the zones of highly regarded schools such as Bishopdale School with a decile rating of 3, Christ the King School at 8, and St Patrick's School at 10. Other educational institutions in the area include Villa Maria College, Middleton Grange School, and more, all offering a high standard of education.
Combining a convenient location with a promising investment prospect, this property is perfect for investors, first-home buyers, and those looking to downsize. The residence has undergone recent upgrades, including new carpet and a fresh coat of paint, enhancing its appeal. The open plan living area, accompanied by a 7kw heat pump and LED lighting, ensures comfort, while the conservatory and north-facing patio provide additional living spaces. With a prime location close to shopping malls, schools, cafes, and parks, this property is a hidden gem waiting to be discovered.
Updated on May 10, 2024