15 Princes Street, Fairlie, Mackenzie

Located on a corner section in Fairlie, Mackenzie, this charming property at 15 Princes Street offers a unique opportunity for those looking to enter the property market. This three-bedroom home, built in 1950, sits on a generous 1,012sqm freehold section. The exterior features roughcast walls and an iron roof, both in average condition, reflecting the home's character and potential for personalization. The property is well-appointed with a single carpark, and its level contour makes it accessible and easy to manage. Inside, the 112sqm floor area includes a cozy kitchen at the heart of the home, leading into a dining area warmed by a new heat pump. The sunny and spacious living area, complete with new carpet and a Kent log fire, also accommodates an office space. Additional features include a separate laundry, bathroom, and an extra outside toilet, enhancing the home's functionality.

Over the years, the property has seen a significant increase in capital value, from $300,000 in October 2020 to $400,000 by July 2023, marking a 33.33% growth. This increase is a testament to the property's value and potential. The latest sale, in January 2024, was at $425,000, slightly above the HouGarden AVM of $382,500, indicating a strong market interest. The backyard is a highlight, offering ample space for entertainment and gardening, featuring a handmade stone BBQ and a stoned patio for enjoying the outdoors.

The property is ideally located for families, within the school zones of Fairlie School (decile 6), Craighead Diocesan School (decile 9), and Roncalli College (decile 7), offering quality education options. Its proximity to Fairlie town centre and local schools, combined with the potential for customization and improvement, makes it an attractive option for a wide range of buyers.

Updated on April 06, 2024.