Colyton, NSW 2760
Type of Property: House
Reason for Purchase: Investment Property
Address: Colyton, NSW 2760
Property Journey:
The clients were investors wanting to dip their toes into the Sydney market. Originally from interstate, our clients were unsure where to start or where to buy. Andrea advised several suburbs that suited client’s strategy and where they would be comfortable owning an investment property. She then sourced several properties, the winner being a 613sqm corner block, already renovated with plans already approved to construct a 60sqm granny flat. Clients are in the process of choosing a builder, using approved the plans which capitalizes from having two street frontages. Once constructed, the house would rent out for $400pw and the granny flat $300pw. Because this property will pay itself off, clients are in a position to buy another investment property.
About the Property:
This 3 bedroom recently renovated home is set on an attractive 613.3m2 corner block. Separately fenced area & a CDC (Complying Development Certificate) is ready for an approved 60m2 Granny Flat to be built. Conveniently close to both M4 & M7 Motorways, Walking distance to Public Transport going to Mt Druitt, St Marys & Penrith.
Other features included;
- 3 bedrooms with mirrored built in wardrobes
- Open plan lounge & dining room with wall A/C
- Good sized kitchen with plenty of cupboard space
- Large combined bathroom tiled floor to ceiling
- Internal laundry
- Floating timber floorboards throughout
- Potential rent for $380-$400 per week
- Close to Schools, shops & transport
- Potential combined rental return of $720 per week
- Block size 613.3m2