Who wants to play the Price is Right?

At first glance, this could be a knockdown. However, take a closer look. The property is on premium real estate. Yes, it can be restored or demolished, and the home of your dreams could be realised on this land with stunning water views toward the west.

The drawcard is the spectacular uninterrupted water views looking toward the West. You will be entertained as you watch the busy sea traffic sail by and have unending pleasure watching the changing colours of the amazing sunsets.

At present, the dwelling has 2 bedrooms, an enclosed front area, 1 bathroom, a combined lounge/dining area and a good-sized kitchen. A small storage shed is on the side entrance porch.

A major renovation would be needed. The first option is to restore this building, with its catchment windows, French doors and historical kitchen, or start fresh with inventive ideas. Either will work, and both will be profitable. It is all up to the new owner’s imagination.

There is a large double concrete washtub under the dwelling that an inspiring artist could use for tie-dying material, etc. There is also space underneath for an artist to possibly open a creative workspace.

The asking price is $319,950, and with comparative vacant waterfront blocks on Russell Island ranging from $399,000 to $495,000, this is a no-brainer. So, if a renovation isn’t in your forward planning, consider raising this loved once home and starting with a completely new slate.

Design the home deserving of this address and take advantage of its aspect and location. Lowset will still give you the views; however, imagine what a second story will deliver.

An entertainer’s dream or a private sanctuary to be shared with a fortunate few, whatever your decision, with the right mindset, this will be a home that will grow in value as the market rises. Island living is fast becoming the preference of those who still live “overseas” (Australia). Real estate is out of control on the mainland, and families are looking for a reprieve in property value.

Island life is far from hectic. You can feel yourself unwind as the ferry delivers you back to the serenity after the rat race of the city.

Features:

• Large 878m2 corner East facing block.
• Uninterrupted view of the channel between Russel and Karragarra Islands.
• The boat ramp is at your feet.
• 2.5 km drive to state school.
• IGA appro 2.3 km drive.
• 3 km to the ferry terminal.

So what is it to be? A demolition or renovation? The option is yours.

Call Chris McGregor on 0420555997 for an inspection.