House - Property ID: L35954829
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Positioned on a substantial 612m² block in a peaceful Seville Grove cul-de-sac, 10 McGrath Place is an exceptional prospect for the astute investor, renovator, or developer. This 4-bedroom, 2-bathroom home with a 2-car garage is being offered in "as is/as inspected" condition, presenting a golden opportunity to add significant value. With the potential to build a granny flat (subject to council approval), this property is a versatile asset waiting for a new vision.
Key Features:
• Versatile Potential: A spacious 4-bedroom, 2-bathroom home with a 2-car garage on a 612m² land.
• Sold "As Is/As Inspected": An incredible opportunity to renovate and add value without the restrictions of a standard contract.
• Development Potential: The generous 612m² block offers potential to build a granny flat at the rear (subject to council approval).
• Multiple Options: Ideal for renovation and resale, or for leasing out to a strong rental market.
• Flexible Terms: The owner is open to a 4-6 month leaseback after the sale, providing a stable income stream for the new owner.
• No Subject-to Clauses: To ensure a straightforward sale, the contract will not be subject to Building/Termite and/or Working Order clauses.
Detailed Property Description
• 4 Bed, 2 Bath & 2 Car Garage
This home offers a practical and spacious layout with four bedrooms and two bathrooms, providing a solid foundation for a family home. The attached two-car garage provides secure parking and storage. The current configuration is highly functional, but the true potential lies in the opportunity for a complete modernisation and renovation.
• For Sale AS IS/AS INSPECTED Condition
This property is being sold in "as is/as inspected" condition, which presents a rare and exciting opportunity for a buyer with a vision. It is ideal for those who want to take on a project, modernise the home to their own taste, and capitalise on the potential for capital growth. This method of sale streamlines the process and is perfectly suited for cash buyers, seasoned renovators, or developers looking for their next project.
• The Contract Can't Be Subject to Building/Termite &/or Working Order Clause
To facilitate a clean and straightforward sale, the contract will not be subject to Building/Termite and/or Working Order clauses. This condition ensures a hassle-free transaction for the seller and a clear understanding of the purchase for the buyer, who is encouraged to conduct all necessary due diligence prior to making an offer.
• 612m² Land with Potential to Build a Granny at the Back (STCA)
The substantial 612m² block is a major asset of this property. This generous land size provides ample outdoor space and, most importantly, offers the exciting potential to build a granny flat at the back (subject to council approval). This addition could create a second income stream, provide a separate residence for extended family, or significantly increase the overall value of the property.
• Renovate & Sell with Profit or Lease Out
With its excellent location and solid structure, this property is a prime candidate for a profitable renovation project. A modern update could transform it into a highly desirable family home, ready for a quick and lucrative resale. Alternatively, with Seville Grove's strong rental market, a cosmetic or partial renovation could quickly prepare the home for a tenancy, offering a reliable rental income and an impressive return on investment.
• The owner is Happy to Lease Back for 4-6 Months After Sale
For investors seeking a secure and immediate return, the current owner is open to a leaseback agreement for 4-6 months after the sale. This arrangement provides a guaranteed rental income from day one, allowing you to finalise plans for renovation or future tenancy without the pressure of an empty property.
This is a property defined by its potential. Whether you're looking to embark on a profitable renovation, build a second dwelling, or secure a solid investment with a reliable rental income, 10 McGrath Place is the perfect place to start. Don't miss this chance to turn a fantastic opportunity into a profitable reality. Contact us today for more information or to arrange a viewing.
DISCLAIMER:-
**Virtual Furniture Staging may have been used in the photos. The images of the furniture at the property have been digitally altered or enhanced.**
**This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent inquiries.
**The Best Realty Group have endeavoured to ensure the information is true and accurate but accepts no responsibility and disclaims all liability concerning any errors, omissions, inaccuracies or misstatements.
**Reference to a school does not guarantee the availability of that particular school.
**ALL distances are estimated using Google Maps. Prospective purchasers should enquire with the relevant authorities to verify the information in this advert.
**ALL boundary lines and sizes on imagery are APPROX only.**