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The home is being sold with tenancies in place, providing an annual income of almost $88,000 (nett) a year. Great yields are hard to find in residential properties these days, so this is worthy of serious attention. Being sold furnished with multiple chattels, it is the ideal 'turn key' investment.
This historic Arch Hill homestead is an original. As one of the farmhouses in the area, it has certainly witnessed changes over its lifetime. The current landholding totals over 560m2 - and while this is only a token compared to the past, it is decidedly generous for the location today.
Those who value features of yesteryear will appreciate the character, displayed in the verandas, high ceilings and double sash windows.
Your future also looks assured. The large site adds scope for further development in the form of additional accommodation (subject to local authority consents). Given the outstanding performance and value gains lately in this location, capital gain is promising. The inner-city fringe offers multi transport options, entertainment precincts and huge demand for accommodation.
So here it is - past proven, present provider and future potential.