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Cottage owners land 50pc capital growth in five years

first_imgThe home was described as having great potential.Character features were retained throughout the home, and it has a large enclosed sunroom that both bedrooms open out onto.It currently allows for off street parking for two cars but there was “massive potential to build-in underneath or extend at the rear”, according to the listing. The owners renovated the property after they bought it five years ago.Agent Mark Bisaro of Havig & Jackson — Clayfield described it as a “picture-perfect double-gabled colonial” with potential given its 728sq m block.“The spacious two bedroom home has the space and character to create a wonderful family home with further renovation. Rarely do blocks of this size become available in Red Hill and Paddington.” 11 Atkins Street, Red Hill, Qld 4059A CHARMING two bed colonial in inner city Brisbane has sold for more than 50 per cent of what its owners paid five years ago.The two bedroom, single bathroom, single car space property at 11 Atkins Street, Red Hill, sold on December 21 for $860,000.Its owners had paid $550,000 for the property in November 2012 before renovating it while they lived in the property. They have had it on the rental market last year with the last listed rent at $545 a week.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoCharacter features have been retained.center_img Both bedrooms and the kitchen open into the sunroom.last_img read more