Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This updated house at 3 Palk Street in Horsham is an attractive opportunity for investors and first-home buyers alike, combining renewed essential features with development potential on a generously sized 809 square metre block.
The property offers three bedrooms and three bathrooms, creating comfortable and private accommodation for family or guests. The modern upgrades, including new floor coverings, fresh paint throughout, a new roof, updated wiring, and all new aluminium windows, ensure longevity and low maintenance, enhancing the home's value and appeal.
The heart of the home is its open-plan kitchen, dining, and living area, designed to foster a sense of connection and efficient use of space. The kitchen is equipped with a gas stove and ample cupboard storage, facilitating practical meal preparation and everyday living. Bathrooms feature floor-to-ceiling tiling, contributing to a contemporary and durable finish.
Each bedroom and the living area benefit from split-system heating and cooling units, providing year-round comfort through energy-efficient climate control. The family bathroom's separate shower, bath, and toilet underpin convenience for all household members.
Externally, the spacious backyard with an inviting entertaining area offers opportunities for outdoor enjoyment and relaxation. Moreover, the property holds council-approved 2 Lot Subdivision and Development rights, allowing for a second dwelling, a significant consideration for investors or buyers looking to expand or generate rental income.
Buyers should note the property requires inspection and approval for the building works completed in both bedrooms, which include walk-in robes and ensuites. Additional rectification works may be necessary to ensure compliance with building regulations, encouraging due diligence.
With an estimated rental return between $430 and $450 per week once compliance requirements are met, this property presents a balanced prospect of immediate living comfort and long-term investment potential.
Local Market Insights
In Horsham, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $501,030. The property type mix of listed properties is predominantly Houses at 72%, followed by land (10%), and units (9%). AL Property Agents was the most active agency in this area, representing 56.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Horsham VIC 3400
Market Insights for Horsham VIC 3400
Other properties in this postcode
