Kingswood, NSW 4757
Type of Property: House
Reason for Purchase: Investment Property
Address: 58 Jones Street, Kingswood NSW 4757
Property Journey:
Our client was a time poor investor looking to purchase a property in Western Sydney with development potential. Cohen Handler Buyer’s Agent Andrea Shergill performed all necessary development checks before shortlisting this property. Short term, our client will construct a granny flat for dual incomes and positive gearing, long term our client will look at developing this block, otherwise on-selling to a developer. This property was purchased for $700,000, market comparisons were around $725,000-$750,000 at the time of this purchase.
About the Property:
ZONE R3 & LARGE FRONTAGE
Other features included;
- All 3 bedrooms are good sized
- Built in to main bedroom
- Combined large lounge and dining
- Spa bath in modern bathroom
- Modern kitchen
- Large outdoor entertaining area with roof
- Sun room
- Large level block of land 661 sq
- 17.1 meter frontage
- Development potential