162 Chermside Rd, Basin Pocket is a 3 bedroom, 1 bathroom House with 5 parking spaces and was built in 1960. The property has a land size of 822m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
What a great investment, the house sits on a huge 822m2 block. The 3 bedroom chamferboard home built aroundabout 1960 is straddled across 2 x 411m2 blocks. This means you have already two subdivided blocks. Not only are the blocks and the house flood free there is no retaining walls meaning no water issues or upkeep with maintenance with retaining walls and plumbing issues. The blocks are flat so there is no need for cut and fill. There is no need to spend thousands of dollars getting the blocks ready to build on. Each block has a nice wide 11.7 (approx.) frontage. This allows you to build a big 4 bedroom home if you wish with 2 car lock up the frontage gives you this option.
The chamferboard house with a nice, tiled roof boasts 3 big bedrooms and a built-in verandah which is now used as a study/open area. The living space is quite large and the kitchen/meals area is very big. The house needs no maintenance and is in very good condition for its age. With a long-term tenant that has been at the property for the last 4 years paying $300 per week and wanting to stay on there is room for a rental rise. The tenants lease expires in October this year this gives you the opportunity to raise the rent to the market value of $340 per week. This also opens the door to a home owner wanting to move in.
Features:
. A rare find 822m2 block that already sits on 2 separate titles
. 2 x 411m2 blocks with wide 11.7m frontages (approx.)
. Awesome set and forget investment with a long term tenant
. Tenant paying $300 per week lease expires October 2021
. The house and the 2 flat blocks are flood free
. No retaining walls no water issues saving you thousands of $$
. Stylish 3 bedroom chamferboard House with tiled roof
. 3 Good sized bedrooms, Big living areas, Great kitchen
. Massive weatherproof entertainment area at the rear
. Very wide vehicle access to the rear yard and carport
. Ideal location to schools, shops, rail station parks and bus stop
. Motivated sellers want offers It's a great opportunity
. Contact Darren Boettcher for further information
The size of Basin Pocket is approximately 0.6 square kilometres. It has 2 parks covering nearly 2.5% of total area. The population of Basin Pocket in 2011 was 860 people. By 2016 the population was 890 showing a population growth of 3.5% in the area during that time. The predominant age group in Basin Pocket is 20-29 years. Households in Basin Pocket are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Basin Pocket work in a trades occupation. In 2011, 61.8% of the homes in Basin Pocket were owner-occupied compared with 61.2% in 2016.
Basin Pocket has 441 properties. Over the last 5 years, Houses in Basin Pocket have seen a 103.12% increase in median value, while Units have seen a 72.68% increase. As at 31 October 2024:
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