4 Bedroom House in Glenmore

Calling all astute investors! Elite Realty presents an exceptional opportunity to acquire a robust property with immense potential, perfectly positioned within a mere seven-minute walk of the local university and all essential amenities. This residence, though requiring some tender loving care TLC, offers a fantastic canvas for immediate value creation, particularly for development into high-yield student accommodation. Upon entry, one is greeted by an immaculate entrance hall that serves as the central spine of the home, leading gracefully to the lounge and dining room, which flow seamlessly into one another. The functional kitchen is equipped with built-in cupboards, an electric stove, an extractor fan, a double sink, a central island, and offers crucial direct access to the backyard or veranda area.

The main dwelling currently encompasses four spacious bedrooms, all fitted with built-in cupboards and curtain rails. The principal bedroom uniquely offers direct access to the outside areaa valuable feature for private tenant arrangements. The main bathroom is functional, featuring a bath, toilet, and basin, complemented by a separate shower. The internal layout is inherently versatile, making it straightforward for an investor to reconfigure spaces for optimal occupancy rates, such as partitioning the large communal areas to create additional study spaces or smaller, private common rooms, maximizing the return per square meter.

The exterior holds the key to unlocking the property''s maximum investment potential. Currently, the property features a family entertainment area, a swimming pool, a double garage, and a tandem parking setup for two additional vehicles. For student accommodation investors, the conversion potential is vast: the large entertainment area and the existing double garage present an immediate opportunity to be converted into multiple separate, income-generating rooms or self-contained units. Additionally, the pool area, once decommissioned, provides substantial square footage for building even more rooms or installing an exterior communal laundry facility, significantly boosting the number of rental beds.

This is a prime prospect for an investor ready to undertake a strategic renovation project and capitalize on the constant demand for student housing in the area. The combination of a strong existing structure, versatile layout, and the high-value external conversion potential, all within walking distance of the varsity, makes this an unmissable deal. Contact Elite Realty today to book a viewing and explore the immense potential held within this house that is primed for conversion and profit.