Potential is the word for this property and 111 Budge Street is now for sale.

First home buyers, rental investors and families will see real value in a permanent material home that has plenty of scope for further enhancement. Add in subdivision possibility and an already completed subdivision plan and the equation gets a whole lot more attractive.

The home is reasonably sized at 110sqm and has a separate single garage and additional shed for storage. Roughcast over brick construction make for solid real estate. The property has seen improvements to date, including an upgraded and modern kitchen with a pantry and relatively new carpet featuring throughout. Underfloor insulation has been installed and double glazed windows have been fitted. Both a heatpump and log fire provide warmth in Winter and temperature control for the summer.

Three double bedrooms all have inbuilt wardrobes and there is a family bathroom. A private and sunny patio outside gives space to relax.

Enclosed on three sides with fencing and hedging, the section being family sized (810sqm) is relatively undeveloped leaving a new buyer the opportunity to stamp their own mark. Room for additional parking, a little landscaping and you will have a back yard that you, the kids and the pets can really enjoy.

If you are looking for your first home, properties like these certainly offer great opportunities for gains to be made without major renovation and huge inputs of capital. Bring your imagination and if you aren't afraid of a little work and some elbow grease - a transformation here could be made quite easily.

Alternatively - maximise this property's potential, use your “developer nous” and look into a section split.

A very good starting point for those seeking a step onto the housing ladder, good buying for someone adding to their rental portfolio, or a development opportunity - your choice.

Rewards are there for those with a little vision, come and see for yourself. Get in touch with Campbell Gill and Will Porter today!