53A Chapman Street Grafton NSW 2460
$450,000 - $475,000

DESCRIPTION

As my daughter saves for her first home, it has me considering the recommendations I will make in due course. We have been considering budget, weekly maintenance requirements, how the home would appreciate or depreciate over the years, how it would fair as a rental down the track, and how she would enjoy the property whilst still working full time to make the repayments.
53A Chapman Street, Grafton truly fits the bill for a fantastic investment, well under $500k. Here you have a modern, fully renovated, brick and tile, very private, Torrens title townhouse. There is no sacrifice regarding construction and fit-out. The location is central enough, yet in a quiet street. The floorplan would certainly accommodate shared accommodation meaning a side-hussle income of approximately $300-$350pw via subleasing could be achievable, AND there is seriously nothing to be done.

Upstairs we are fully self-contained with a N/E aspect to the front balcony. The kitchen is funky yet warm with a two-pack finish, glass splashback, dishwasher, and timber benches. The luxury bathroom offers a freestanding bath plus shower, and the living/dining space is air conditioned and generous in size. Fans are featured throughout plus there are built-in robes and more air conditioning to the master suite.

Internal stairs join the levels. The lower level offers internal access from the remote garage or multiple other areas. On this level there is a bedroom plus a living room that could easily be converted to a 4th bedroom if required. There is a shower plus second toilet, and the laundry is tucked away in the garage for ease of shared use. The backyard is surprisingly spacious and private. There is landscaping, a garden shed, an undercover entertainment area plus the mentioned deck. It would be super easy to make both of these levels seperate and secured.

Yes, I back this investment full heartedly. Based on comparable rental opportunities I would suspect this townhouse would lease for approximately $500 per week in the current market.

Our seller has bought elsewhere, so motivation is high. Make your move early so we can ensure you’re all moved in prior to Christmas. Contact Kylie Swift of Virtue Property Grafton on 0488 161 621 to express your interest.

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