3 Wilma Crescent

Russell Island QLD 4184

THE RENOVATION PATH

If you want to restore a smile to this once happy place, it will require a lot of time and effort, not to mention money.

However, looking at the positive features, theres plenty of quality assets to work with:
Large 809m2 block
Lock-up garage (at rear)
Studio with makings of a granny-flat (water & power connected)
Proximity to ferry & shops (5-minute walk)
2-bedroom home already generating income
Timber floors
Retro 70s vibe (built-in robes, amber glass-doors, light fittings)
Good footprint to reconfigure rooms
Decks front & rear
Established gardens with a bore & tank for watering

Still keen to renovate? Be warned, theres some major cosmetic-surgery required, which wont come cheap:
Replace asbestos roof & integrated gutters
Re-line ceilings to remove black-mould (the roof leaks!)
Detonate the bathroom
Demolish the kitchen (could salvage the new freestanding cooker)
Improve converted sunroom
Install new windows & doors
Service the septic system & trenches
Maintain timber decks (or replace)
Paint inside & out
Repair paths & driveway
Landscape to soften the look

Dont be scared-off, as its not impossible to make her the darling of Wilma Crescent. Just bring your A-team with you and have the courage to persevere.

Probably the quickest way to restore this masterpiece, would be to knock it down and rebuild.

THE REBUILD PATH

Looking at the knock-it-down-and-rebuild approach, you can be assured of a few things:
Wide 809m2 site allows for many designs & a granny-flat
Power & water already connected
Lock-up garage for storing materials
Fencing in place
Established trees on perimeter
Septic could be enhanced or install new one
Demand for properties close to town are always high
Almost 20m frontage x 40m depth
Cost for build known upfront
Fixed time to complete (depends on contract terms)

Calling all owner-builders or savvy developers, you could really make something special here and perhaps create two dwellings (subject to Council approval) to maximise your investment.

Of course, theres always a third option. Do nothing at all and just land-bank!

THE DO-NOTHING PATH

Some of the renovations will be unavoidable with new legislation coming into play for minimum housing standards for tenants. But, if YOU want to live in the home while you consider your options, thats your choice.

The house as-is, is liveable and a basic makeover would suffice in the short-term. Currently, the property presents as:

Besser-block, fibro & Hardiplank construction
2-bedrooms, 1-bathroom
Original kitchen with new cooker
Polished floors in living & bedrooms
Basic bathroom, separate toilet
Screened-deck at rear with access from both bedrooms
Formal living & dining (used as an office)
Closed-in verandah for casual living
Timber decks, front, side & rear
Off-street parking for vehicles & lock-up garage with side-door access
Shed with laundry facilities & storage
Water-tank, bore, clothesline & NBN

Being close to all island amenities is a huge bonus and walking-distance to the ferry is almost unheard of, now. Russell Island is a great place to live and youll soon learn why. Life is easy here and commuting over water, makes everything seem better.

If you want to see Mona Lisa smile again, make the right decision and you could end up with a masterpiece.

And remember, her eyes dont move, but property prices do. So, call Chris McGregor on 0420 555 997 to inspect this amazing opportunity.