Nestled in the serene Glendowie suburb, 9 Troy Place presents a golden opportunity on a freehold site, perfect for the discerning renovator or developer. This 122m2, 3-bedroom residence, built in 1960 with wood exterior and iron roofing, exudes potential with its north-facing orientation and 789m2 of flat land. The property, in a quiet cul-de-sac, has seen a 24.24% increase in Capital Value from $1,650,000 in 2017 to $2,050,000 as of June 2021. The HouGarden AVM estimates the property at $1,907,500, making it an attractive prospect with a promising return on investment.
History and potential converge in this property, which is zoned for the top-rated Glendowie College and St Ignatius School, both decile 10 institutions. The nearby Baradene College and Glen Taylor School add to the appeal, ensuring a quality education within the zone. Close to beaches, cafes, and with easy access to public transport and shopping, this home offers both convenience and comfort.
For those seeking a project with a view to the future, this property is not to be missed. The existing layout features a spacious living area with exposed wooden beams and a cozy brick fireplace, flowing into the kitchen and dining. A study/artist's room opens to a private, sun-drenched garden and patio. With a generous standalone garage and a location that boasts both tranquility and connectivity, this is an opportunity to create your own slice of suburban paradise.
Updated on May 16, 2024