53 Merthyr Road,
New Farm, QLD
Dream Investment, Dream Home or Both!This heritage listed colonial home has your current, future family and financial interests at heart and is overflowing with possibilities. Simply keep as is, renovate and turn into your dream home or rent all 4 for maximum income in the highly-sought lifestyle haven of New Farm.
The home reflects the flamboyant style of the period, with an endearing front porch with wrought iron rails. Sit and enjoy the recently landscaped front yard as you watch the world go by. Step inside and the light filled rooms beckon with the promise of character, ready to be revealed.
Sitting between two exemplary homes that show the potential that can be uncovered if you choose to consolidate and renovate this property. At its heart this home has a sense of prestige, character, and warmth that so many buyers continue to seek on the peninsula.
As was common in the past this attractive home was converted into 4 units to best make use of the property at the time. The current owner has astutely given the front 2 units a modest update and is occupying these which have an adjoining lockable door. Creating an ample 3 bedroom apartment at the front of the property whilst benefiting from a respectable income. Unit 3 is renting for $290pw until October and unit 4 is $295pw until November.
Each of the 4 units feature dual entry access, open plan design with polished floors and air-conditioning to living areas. The property is ready to move in as is.
If you are looking for a beautiful home with lots of potential then this home at the epicentre of New Farm is for you.
Potential rental income of up to $78,000 per annum
Separate entrances for all 4 Units
Hardwood floors throughout
Air conditioned living areas
Light filled rooms
Rear 2 car carport with access from Lower Bowen Terrace
Under home laundry facilities and storage area
Bus Stop at your doorstep,
New Farm Park 400m
All of this on 503m2 in one of Brisbane's most desirable positions.
In the middle of all New Farm has to offer with its beautiful tree lined streets, restaurants and cafes, New Farm Park, delicatessen Take advantage of the convenient CityCat and express bus services placed within walking distance and enjoy an easy connection to the CBD and surrounding areas. The ever popular Holy Spirit and New Farm State School are positioned just a short stroll away.
This property presents an exceptional value proposition to secure a historical heritage home with rental income and scope to enhance in one of Brisbane's most exclusive inner city suburbs.
* Subject to council approval.
Best Offer By Friday 9th August 5pm if not SOLD prior