27 Coleman Street FITZROY NORTH

Comments on 27 Coleman Street FITZROY NORTH

I really like this property for what it is and what it could be.
 
27 Coleman is a 3 bedroom double fronted Victorian cottage that is move in ready with scope to value add and is suitable for families, couples or investors. The street is a quiet one and this one is on the north side of the street with its own garage from the front which is a rarity.

It is double the width of other properties in the street at 12.4m wide and adjoins a laneway at the rear for additional access when renovating or for property maintenance. The garage at the front of the property is a huge bonus (may be tight for large cars) - for ease of carparking but also as a flexible space such as, storage, gym, conversion to another lounge or studio/home office - all subject to Council approval.
 
Plans to extend upwards have been shared by the agent but a cosmetic renovation here would also value add. The width of the property allows for an addition to the east side of the building - such as an ensuite and WIR to create a true Main bedroom suite. And although the second bedroom's floor is lower than the hallway, this could be raised to create an entirely flat property inside and outside except for one step to the living room - subject to the Building Inspectors advice. Alternatively, the new buyer could add a new single story extension utilizing the full width of the block (STCA) 
 
It is not quite walking distance for everyday matters such as getting coffee or to the supermarket but walking through Edinburgh Gardens looks could be a nice leisurely walk.
 
It is 245 sqm, double fronted with a car space and yard left over which is not usual in these parts, so in all likelihood, the new buyer will have to compete to win this.