80 Gap Rd, The Gap NT 0870, Australia

Investors and large/extended families should get excited about this unique property – offering a family home plus self-contained studio plus separate self contained flat on a 966m2 block with two driveways plus rear access, zoned LMR (Low-Density Residential) allowing for strata titling up to three dwellings!

•Family home with pool + studio + separate self-contained flat

•Various possibilities from multiple living through to income generation

•966m2 block with two separate driveways + rear laneway access

•Sandstone fireplace, gas cooktop, solar hot water in main house

•Kitchen and bathroom in studio are new near plus a 3mx4m cellar

•Flat has study, bedroom, bathroom, kitchen, living, laundry, patio

•Presentation a little tired, but some TLC is all that’s needed to refresh

•Zoned Low Density Residential – can strata title up to 3 dwellings

•Walking distance to hospital, Crowne Plaza, Aquatic/Leisure Centre

•Large/extended families and investors should act quickly to secure!

The main home comprises three bedrooms – all air-conditioned, one-bathroom, separate toilet, separate living area with sandstone fireplace and dining area adjoins the kitchen. Solar hot water service will keep the power bills lower. There is an inground pool in the front garden to keep you cool in summer, the kids will love it, and so will you.

Adjoined to the home is a self-contained studio with a near new bathroom and kitchen, open plan living/dining and bedroom, plus a 3x4m cellar under – perfect for storage, dry and cool! This studio could be rented out for income, used as a workplace/salon, or house the extended family member(s).

But wait, there’s more: a separate self-contained flat at the rear of the property comprises one bedroom with newly tiled floor and new built-in robe, renovated bathroom, study, open plan living, and north facing patio area. This could also be rented for income or suit the extended family – with its own laundry it is completely independent of the main home.

Whilst the property is currently a little tired, there is clear potential to spruce up to enhance appeal, and for the investor seeking a high return – you can triple your income here, plus there is also further capital gain possibilities via strata titling and selling individually.

Located just minutes to the CBD, and within walking distance to the hospital, Crowne Plaza, Aquatic and Leisure Centre, and in close proximity to popular schools – this is a convenient location for all ages and stages of life.

Look beyond today, think outside the square – there is a lot of value here, and lashings of potential!