Nestled at the serene end of Point Chevalier Road, this substantial 1970s townhouse with its brick and timber facade presents a captivating opportunity. It sits on a quiet right of way, mere moments from the beach and Coyle Park, offering a lifestyle that nature enthusiasts will cherish. The home boasts four bedrooms, ample living areas bathed in sunlight, and a cozy study, providing ample space for family comfort. It is being sold as a deceased estate, primed for renovation to become a contemporary dream home. The property, with a floor area of 191 square meters and a single carpark, is under a Cross-Lease title. Its brick walls and tiled roof are in average condition, reflecting the classic charm of its era. The capital value has seen a growth of 39.68% from $1,575,000 in 2017 to $2,200,000 as of June 2021, with the HouGarden AVM estimating the property at $2,180,000. Notably, the latest sales were in 2006 for $663,000 and in 1994 for $245,000.
For families, the property's location within the catchment area of top-rated schools is a significant plus. Pasadena Intermediate boasts a decile rating of 8, Pt Chevalier School a perfect 10, and Western Springs College an impressive 8. These educational institutions are a testament to the quality of the local school network.
Here is a home that not only promises a peaceful and convenient lifestyle with the nearby local cafe, but also holds potential for value addition in a highly sought-after location.
Updated on November 15, 2024