20 Morris St Summer Hill NSW 2130

Ideal For Development- 4 bedroom and Large Lounge

Take full advantage of this rare and extraordinary opportunity in securing this affordable property. Here is your chance to get creative with this appealing 4 bedroom, large lounge, free standing house which is positioned in the very best street of Summer Hill. It exudes period charm with original fireplaces, ornate ceilings and cornices, polished timber floors and a lounge/living area. The bathroom features bathtub with shower, toilet and vanity. A private rear yard with open space and wild life views, includes a garden shed and external laundry and extra external toilet plus under floor storage. Just a few minutes walk to the end of the street and you are in the Summer Hill village shopping area with access to an array of fashionable restaurants, supermarket and shops and a further half a minute from there and you are at the Summer Hill railway station and buses. The area boasts parks, sporting grounds, public and private schools and is close to Leichhardt, Marrickville and Ashfield which are its surrounding suburbs. Comparing this property to other properties sold in the area you will find this location much more preferable and much better value for money. Properties such as in Wellesley Street Summer Hill, which sold in April 2010 for $1,475,000 with similar accommodation but is further from the railway station and backs onto busy Old Canterbury Road which is becoming polluted with the increased car fumes. Also comparing with a December 2013 sale in Bartlett Street Summer Hill, which is not as popular a street as is Morris Street, that sold for $1,235,000 offering 3 bedrooms on a smaller block and being a semidetached property and does not give the opportunity for future additional storey to be added which can be done with 20 Morris Street thus giving a possible additional income as an investment rental property. Perhaps you have not noticed 38 Morris Street which sold in November 2011 for $1,360,000 and again in November 2013 for $1,870,000 this shows the value you can achieve in this sought after Street. Also a few doors down the street the house at 10 Morris Street has previously been occupied by 3 doctors as a surgery which shows the possibility of commercial use in a residential property for this street. In regard to 20 Morris Street that stands on a higher ground than the surrounding streets and offers a better circulation of air. The magnificent area outlook from the rear windows of the property gives a very nice feeling that you are in the very best spot in Summer Hill. The owner is willing to have builders repaint and change the kitchen to the purchasers requirements and or what ever is required prior to settlement. A current approximate rental return of $950 per week and a great possibility for a second storey extension, subject to council approval, which could generate a further rental return. This shows location and value stands out for this property meaning you can buy this house and you will never look back.