Prime riverfront location | Large 907m² lot with subdivision potential | Rare two-storey brick home | Strong rental demand | Views over park and river
This property presents a compelling opportunity based on its superior land size and premier position. A 907m² allotment in this riverfront precinct is significantly larger than typical local holdings, offering tangible scarcity value. The two-storey, solid brick construction with a self-contained downstairs residence creates clear versatility, serving either a large family, a multi-generational household, or an investor seeking dual-income potential. Its proximity to the park, river walks, and the city heart embeds enduring lifestyle appeal that underpins long-term demand.
Proceed with the understanding that its premium asking price reflects these advantages and requires validation through a building inspection, given the construction era prior to 1979. The absence of overlay risks is a positive. The commercial logic lies in the land’s subdivision potential or a strategic renovation to modernize the interiors. This is a property to hold for capital growth driven by its irreplaceable location, best utilized as a long-term family home with inherent flexibility or a value-add investment.