1/2 Rimbool Road, Grovedale, Vic 3216

If you’re looking for high and immediate return on investment in a current growth suburb, then look no further. Records show recent income of $620/week and a long-term average of over 6% rental income for this well set up and low maintenance four-bedroom house.

Conveniently situated in a super handy location, just a 2-minute walk to the bus stop for Waurn Ponds Deakin University, Epworth Hospital, shopping centre and CBD, the home has ample space for students and workers alike.

Impressive modern kitchen with plenty of storage, bench space and breakfast bar through to meals area or study space and access to huge undercover entertainment deck.

Bathed in northerly light, the huge living zone has AC unit and gas central heating, with warm polished hardwood floors throughout, new curtains and front veranda for breakfast in the morning sunshine.

Off a central hallway are 4 bedrooms, all with built in robes, and updated oversized central bathroom. Separate laundry with option to add value and convert to a second bathroom.

Low maintenance rear yard enjoys evening sunshine and side gate access. Front door also has ramp access. Driveway has up to 4 car spaces and a single carport, in a quiet street.

Subject to compliance, the home has potential as a share house, assisted living or even the short-term rental market. But equally, the home presents as an opportunity for renovators and first home buyers to enter this popular suburb at a rare price point.

Contact Ross Bywater (0457 888 113) for rental history, further information and to arrange a private inspection. Now available for vacant possession.