Positioned in a quiet cul-de-sac in the heart of Raceview, 3 Shiralee Court presents a rare opportunity for builders, renovators and investors to secure a structurally challenged home at a price point that allows serious upside.
Set on a well-positioned allotment and built in 2000, the home offers 149m² under roof and a functional layout ready for transformation. Whether you choose to undertake structural rectification and renovate for profit, or explore a knock-down rebuild to maximise the block’s potential, the numbers here make sense.
A standard 3 bedroom, 1 bathroom, 2 car home in Raceview is currently achieving around the $800,000 mark and with this property listed at Offers Over $499,000, the value gap creates genuine opportunity for those willing to do the work.
Existing Home Features:
– 3 bedrooms, all with built-in wardrobes and ceiling fans
– Open plan kitchen and dining area
– Separate living room
– Double car accommodation
– 149m² under roof
– Built in 2000
– Quiet cul-de-sac location
This is a project for the right buyer, this is the type of opportunity that rarely comes to market.
If you’ve been waiting for a property where you can manufacture equity through renovation or start fresh with a new build, this is your chance.