19 Reed Street

Orbost VIC 3888

If you are seeking an opportunity to add value to you next property purchase, then this home is an outright must for you to inspect. The home would benefit from some renovation, but if you're a keen handyman or renovator and looking for a doer-upper, you might be able to work your magic on this one. There's scope to create some significant equity as a result. This could be the perfect opportunity for a first home buyer looking for an affordable entry on their property journey. Alternatively, this home would make a great start to a rental portfolio or a great addition to an existing portfolio. There is a strong demand for rental properties in the area and with an approximate weekly rental of $260 p/w, this property could offer an excellent gross return.

The two-bedroom home is situated on a generous sized block of 702m and is located a short stroll from Orbost town centre. The structure of the home appears solid and it is built on concrete stumps with hardwood flooring. It is typical of its era, with a good-sized lounge complete, combined kitchen and dining area, a family bathroom with separate toilet and a full laundry with basin. Both bedrooms are a generous size, with the master situated at the front of the property and the second one to the rear. Reverse-cycle split system air conditioning helps keep the home at a comfortable temparature all year round.

The property is fully fenced with a spacious backyard, complete with a small garden shed. It also benefits from side access, so boat or caravan storage is easily accommodated. It's a solid house that needs some TLC with most of the renovation opportunities being cosmetic. This home has a great land holding and would benefit from future developments or an extension (STCA).