53 Molloy Road

Cannon Hill QLD 4170

Renovated and in this location - what s the catch ? There is no catch. What makes this home so uniquely affordable in this location is simply that there are two easements (A & B) on the block. Easement A is a driveway down the left which services just one single house at the rear and Easement B is an access easement over the yard and exists provide access to a storm water drain. What does this mean ? It simply means the driveway drops the effective land size back to just under 400m2 and any significant planned improvements over the yard would be subject to council approval. In other words, if you re wanting a minimal maintenance small block home with a good size rear yard for children or pets then this property is for you.
As an investment, it will certainly tick off your checklist: Renovated and ready to rent out, a second unimproved bathroom downstairs offers the opportunity for a full second bathroom, addition of a proper two car side by side garage, minimal maintenance yard, premium Cannon Hill position certain to provide solid future capital growth - just 9km distance to the CBD, short troll to train, buses, schools and shops and an equally short drive to the Gateway Motorway for easy access to Brisbane Airport, rental appraised as is $450-$480 per week (approx. 4% Gross Yield)
The Home in more detail
Enter past the full size double car side by side garage through the striking dark timber front door and you are surrounded by a warm and inviting atmosphere. With casement windows and rich timber flooring, the open plan living and dining area welcome you into the home the perfect place to come together, finished with ceiling fans and air conditioning..
A modern kitchen adjoins the living and dining spaces at the rear with dark benchtops and contrasting white cabinetry, quality Kleenmaid stainless steel appliances and servery window that open to the rear deck. Entertainers will love the seamless indoor/outdoor transition to the covered deck, ideal for alfresco dining and hosting a barbeque.
Three generous sized bedrooms on this level again all feature timber flooring throughout. The home is serviced by a modern and light filled main bathroom.
Downstairs you will find a modest yet functional multi-purpose area (under 2.4m height) which makes for a great breakaway space.. Outside you will find a grassy yard which wraps around the rear and side of the property with side access gate. Secure for children and pets to play.
Retaining plenty of original charm, this home offers full two car side by side secure garage plus original garaging space under the house. Perfect for additional low vehicles, jet skis, motorbikes and/or general storage ideal for a tradesman ! Plus, as a bonus for any three bedroom cottage there is also currently a second downstairs functional but very basic worker s bathroom ready for the savvy purchaser to improve to add further value
The rarity of this opportunity alone will ensure its future growth.