5/27 Mitchell Street
Merewether


$385,000

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Property Features


Council Rates
$1184 per year
Water Rates
$550 per year
Strata Levy
$1700 per year

Why Pay For Someone Else's Renovation?


A truly rare opportunity has presented itself to enter the Merewether property market. This hard to find 1 bedroom unit is ready for renovation and features balcony overlooking Townsend Oval.Enhanced by gas cooking and built in robe.The small complex offers shared laundry facilities but when renovated, the bathroom is large enough to encompass a laundry. It is only a short walk to The Junction and beaches and is an ideal entrance level to the Merewether market.

* Fantastic opportunity to enter the Merewether property market.
* Ideal for first home buyer or investor struggling to enter the market.
* Spacious open plan unit ready for refurbishment.
* Buy the raw product and put your own tastes and styling in place.
* Under cover carport, walk to the beach and The Junction from this location.

Council Rates: $1184 PA approx
Water Rates: $550 PA +Usage approx
Strata Levies: $1700 PA approx
Rent Potential: $300 PW currently