Nestled in the serene Lincoln, this 2-bedroom, 1-bathroom home with a single carpark presents a charming opportunity for first-time buyers or investors. Constructed in 1979 with concrete walls and an iron roof, this cross-lease property sits on a level contour with an average wall and roof condition. The floor area spans 90 square meters, while the sunlit open plan living, attached sunroom, and built-in wardrobes in the bedrooms offer both comfort and practicality. The wet floor shower in the bathroom caters to easy accessibility, and the property boasts additional storage in two sheds and a workshop. With a CV of $405,000 as of September 2021, and a HouGarden AVM of $387,500, this property has seen a consistent capital value with a 0.0% increase. Notably, the latest sale history includes a transaction of $448,444 in 2024, indicating a promising investment. The property falls within a high-rating school zone, including Villa Maria College (Decile 9), Lincoln Primary School (Decile 10), and Lincoln High School (Decile 10), among others.
For those seeking a home that combines convenience with potential for modernization, this property is a golden opportunity. Just a short stroll to Lincoln village and a nearby bus stop, it's a perfect blend of tranquility and connectivity.
Education is a cornerstone here, with the property being in the catchment area of some of the best schools in the region. The schools, known for their high decile ratings, ensure a quality education for the family.
Updated on October 16, 2024