A perfect location, fresh updates and rentals out the back make this home a unique opportunity in the Riverina. Photo: Fitzpatricks Real Estate.
A rare chance for a central lifestyle in a modern home brimming with investment opportunity, 97 Crampton Street is a once-in-a-lifetime, six-bedroom, three-bathroom multi-dwelling offering in central Wagga.
The layout of the block is the key to the property’s investment value. At the front is a classic red brick home with four bedrooms, a bathroom and a large living and kitchen area with a fireplace.
The back of the block features two units with bedrooms, living space and bathrooms, sharing a laundry accessed by a rear lane.
“Potential for supplementary income here is significant; each unit can house a tenant and the rental return is high due to the home’s location and the rear lane means that no-one steps on each other’s toes,” Fitzpatricks Real Estate agent Shaun Lowry says.
Ideal for an investor wanting to live closer to town while attaining a passive income stream, the property also has a large shed at the back with space for a caravan and a trailer, also accessed by the rear lane.
“Someone with a recreational vehicle, a trailer or a caravan would have no trouble parking out the back,” Shaun says.
The main residence is a combination of classic styles and new comforts, with an original fireplace, cypress pine timber flooring, high ceilings, decorative cornices and ceiling roses.
But new additions have improved the home, with a modern bathroom with a large freestanding bathtub and the kitchen featuring a huge island, stainless steel appliances and a mirrored splashback.
“It all presents like brand new; the home has been wonderfully maintained and due to its perfect aspect east, it captures heaps of natural light,” Shaun says.
The kitchen’s skylight brings in even more sunshine, opening up the living space and drawing attention to the home’s ornate ceilings.
“The open kitchen, living area with the original fireplace is a beautiful open room and it connects to the adjoining side yard with the carport and the grassed area.”
Part of the property’s great appeal for renters and investors is its ideal location, which takes advantage of the best resources and amenities in the Riverina.
“The location is perfect. The main street is just a few blocks away and Wagga’s best pubs, bars, cafes, hotels and sporting grounds are within walking distance,” Shaun says.
A central location, just a few streets away from Wagga’s bustling CBD, makes the property an attractive place for renters to stay, increasing the potential for returns on the two rentals at the back.
“Tenancy rates for the two units have been high historically; it consistently attracts renters who really appreciate the proximity to town, the rear lane access and the quality of units themselves,” Shaun says.
With all the hallmarks of a classic home that has stood the test of time, modern additions that ensure the property is up to date with modern standards, as well as an ideal location and ready-made ability to supplement income, 97 Crampton Street in Wagga Wagga is an opportunity for investment.
For more information on 97 Crampton Street in Wagga Wagga, call Shaun Lowry on 0417 688 521 and be sure to check out all the hottest listings on Zango.
