71 Cranford Street, St Albans

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https://vltre.co/RJ14m8

Discover an outstanding investment opportunity with this prime property featuring a charming 4-bedroom villa and a modern 1-bedroom unit at the rear. Located on valuable RSDT land, this 528sqm site offers excellent potential for future development. Perfect for an astute investor looking for substantial cash flow and long-term growth.

Key Features:

• Impressive Rental Income: Currently generating over $49,000 per year with all 5 bedrooms rented.

• Development Potential: Situated on RSDT land, ideal for future development opportunities.

• Top School Zones: In the catchment for Christchurch Boys' and Girls' High Schools, and Heaton Intermediate.

• Prime Location: Conveniently located a short drive from the CBD with easy access to the city.

• Investor's Opportunity: Current owner selling up stock, providing a chance to secure a high-potential property.

• Healthy Homes: Fully compliant with Healthy Homes standards, ensuring a safe, warm, and dry living environment for tenants, which can increase tenant satisfaction and reduce vacancy rates.

Don't miss out on this rare opportunity to acquire a high-yield investment with significant growth potential!

Buy and hold, buy and bowl - the choice is yours!

Property Type: House

Curtains

Heat pump

Smoke detectors

Chattels: Bathroom Extractor Fan, Cooktop, Curtains, Fixed Floor Coverings, Heat Pump, Light Fittings, Rangehood, Smoke Detectors, Wall Oven, washing machine, panel heaters x2

Other Rooms: Living Rooms

Hot Water: Electric

Heating: Heat Pump

Kitchen: Standard

Dining: Open Plan Dining

Bathroom/Toilets: Combined Bth/WCs, Separate Shower

Lounge: Lounge/Dining Combined

Stove: Electric

Interior Condition: Fair

Exterior: Iron Profile, Weatherboard Timber

Flooring: Carpet, Timber

Garaging: No Garaging/Carport, Off St Parking

Fencing: Partially Fenced

Aspect: Northerly

Views: City

Sewage System: Mains

Water: Town

Frontage: Street

Levels: Level with Road

Amenities: Close to Schools, Close to Shops, Close to Transport