24 Muir Street, Labrador
Greg Parker Sold It
A Serious Renovators Dream Project Hard to Beat Location in ‘In-Vogue’ Labrador Central to EVERYTHING
I kid you not, 24 Muir Street, Labrador is a tale of two HUGE opportunities: a ‘gem’ hidden in plain sight. To judge this on a drive-by is to make a BIG mistake. Savvy investors and renovation specialists will instantly see the opportunity to add MASSIVE value to this extremely well-located property.
Located just off Loders Creek in the established, and now very trendy, area of Labrador, this property is very central to all amenities. It’s just a very easy 5-minute amble to all the ‘in vogue’ eateries in Chirn Park, itself an area that is highly sought for its centrality. A brisk 7-minute walk will see you at the famous Marine Parade/Broadwater and all that it offers. A 5-minute car trip will open up all the amenities of Southport. Even Southport High School is an easy 7-minute walk.
Let’s unpack the two opportunities which await you.
Your first glimpse of the property will reveal a much-loved home which reeks of history; built in 1948, it is a sturdy 3 bed home which needs some TLC to bring it into the current era. Very doable but, there is a better opportunity.
Just two doors up, a savvy architect has pulled down the original home and built a modern three level home, fully council approved. Our vendor has architect drawings on what is possible at 24 Muir Street. Of course, Council formalities must be observed. But this is a tremendous opportunity to build your very own palace, and it is just so central to everything Labrador/Southport, an area that is now undergoing a revamp, for obvious reasons.
What you will not see from roadside is the second opportunity which already exists - a new granny flat ready to move in. This will appeal greatly to those seeking second accommodation, generational accommodation, even a passive rental stream of income. Yes, it’s an ‘as new’ separate bed-sitter with full bathroom facilities and kitchenette. It is located on a full concrete pad which also houses a covered pool entertainment facility and an attractive pool, all fully operative. Indeed, our vendor has full underground electricity the length of the block which will aid in cutting down costs of a rebuild.
For those who dare to dream and can visualize possibilities, make sure you attend the open home; ask to see the architect sketches so that you get to appreciate the ‘what can be’.
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- Air Conditioning
- Built in Robes
- Ensuites: 1
- Open Car Spaces: 2
- Outdoor Entertaining
- Pay TV
- Toilets: 2