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Overview
20 Spence Street, Taree
This property presents a fantastic investment opportunity in Taree West, ideal for investors and first home buyers seeking immediate rental income combined with future growth potential.
Set on a substantial and level land parcel of approximately 1284 square meters, the location is highly convenient, situated just about 200 meters walking distance from local amenities including a corner store, butcher, bakery, and service station. Additionally, the Manning Hospital is within a 900 meter walk, enhancing the property's appeal for residents and tenants alike.
The home features four bedrooms and two living areas, recently refurbished to a high standard. The interior upgrades include a new kitchen equipped with a dishwasher, a new bathroom and laundry, fresh paintwork, new carpeting, and ceiling fans installed in most rooms. The property is also air-conditioned, ensuring comfort throughout the year.
Internally, the home is move-in ready, requiring only minor cosmetic touches externally to enhance its curb appeal. The spacious land size offers ample room at the rear of the property to potentially build a second residence, subject to council approval (STCA).
Additional features include a single lock-up garage, an adjoining one and a half car carport, a garden shed, and a large undercover entertaining area, providing excellent outdoor living and storage options.
The property currently has the potential to generate a rental income in the range of approximately $560 to $615 per week, making it a valuable asset for investors seeking steady returns.
Overall, this property offers exceptional value with the dual benefits of immediate income and significant future growth prospects. Its location, size, and recent renovations make it a highly attractive option in the Taree market. Prospective buyers are encouraged to act promptly to secure this opportunity.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Taree NSW 2430
Market Insights for Taree NSW 2430
Other properties in this postcode
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