Nestled in the coveted Mellons Bay, this charming 1950s bungalow boasts 3 bedrooms, 2 carparks, and a floor area of 140 square meters. Constructed with durable brick walls and tiled roofing, this cross-lease property is in good condition both inside and out. As of June 2021, the capital value has soared to $1,390,000, marking a 26.36% increase since July 2017. The property's allure is further enhanced by its easy-to-moderate contour and a serene garden, making it an entertainer's delight.
With a HouGarden AVM of $1,377,500 and a history of sales, the latest being in 2000 for $272,000, this property is not just a home but a sound investment. The government's valuation history and the rapid capital value growth are testament to its appeal and potential.
For families with school-aged children, the property falls within the zones of highly-rated schools such as Star of the Sea School and Howick College, both known for their high decile ratings. Mellons Bay School and Somerville Intermediate School are also in close proximity, offering a range of educational opportunities for the family.
Updated on November 29, 2024