Renovator lands owner $500K more than she paid

first_imgA brick facade was added to the house at some stage in the 1950s.Ms Leach had listed it as having rental income divided into four flats, one three-bed unit and three two-bed ones “which gives you the opportunity to get your DA and head works completed while the property pays for itself”.“At some point, most probably the 1950s, there was brick facade added to the front of the house but underneath is a character home,” was how her listing described it. “There are quality neighbours in the form of renovated Queenslanders either side of the house and this part of New Farm is highly sought after for its centrality.” FOLLOW SOPHIE FOSTER ON FACEBOOK There are four flats earning income already on the property. 162 Heal Street, New Farm, is in a high demand zone.THE owner of an inner city renovator has just sold it for half a million dollars more than she paid a decade ago.Demand for houses in the inner city has shown no sign of waning, with agent Beth Leach of Beth Leach New Farm landing a tidy $1.75m contract for the investment property.The property at 162 Heal Street, New Farm, has nine bedrooms, four bathrooms, and three car parks on a 615sq m block that has cityscape views.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoA view like this one would be a delight in any inner-city pad.center_img The home (marked out in yellow) has “location, location, location” down pat.last_img

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