50 Reed Street

Orbost VIC 3888

This home may need some love; however, it is a fabulous opportunity for the first homeowner to get a foothold on the property ladder. Alternatively, this home would make a great start to a rental portfolio or a great addition to an existing portfolio. There is a strong demand for rental properties in the area and with an approximate weekly rental of $300 p/w, this property could offer an excellent gross rental return. If you're a keen handyman or renovator and looking for a fixer-upper, then roll up your sleeves, do the work and reap the rewards. This renovators' delight is a true diamond in the rough.

The three-bedroom home is situated on a generous sized block of 697 m2 and is located a short walk from Orbost town centre. The home is of sound construction and sits on concrete stumps, and whilst there's some work to do to the outside of the property, the renovation opportunities are predominantly internal. At the entrance to the home there a spacious lounge, complete with reverse-cycle split system airconditioning. To the rear of the lounge is as small dining area which adjoins the kitchen. A small hallway leads to a full sized laundry with basin and rear door to the back yard. All three of the bedrooms are a generous size and are situated around the large family bathroom.

The property is fully fenced with a spacious backyard, complete with a clothes line and a small garden shed. The property also benefits from side access, so a boat or caravan storage is easily accommodated. This home has a great land holding and would benefit from future developments or an extension (STCA). It's only a short walk to the Hostpital, Primary School, Secondary College and Orbost Club, making this a very convenient location.