11 Reserve Street, Grafton, NSW 2460

Reserve Street is one of those pockets of Grafton that locals drive past for years without ever turning into. No through traffic, no rat-run, no noise — just a short, quiet run of well-kept homes on generous old-Grafton blocks. It also happens to sit on one of the highest points in town, with the 7 metre contour running straight through the middle of this block.

Number 11 is a neat, honest home that has been looked after properly. Inside you'll find polished timber floors running through the living and dining areas, high ceilings, VJ panelling and a bright, flexible floorplan that stretches to four bedrooms — or three plus a home office depending on how you want to use it.

The kitchen is tidy and practical with an upright electric stove, rangehood, subway tile splashback and a walk-through connection to the covered rear entry. The bathroom has been renovated and genuinely surprises for a home of this era — full-height tiling, a freestanding bath, a walk-in rain shower and a floating vanity.

Outside is where this one separates itself from the pack. The 600m² block is flat, fully fenced and prime for more development. There's a large shed on a concrete slab with a roller door, a second garden shed, a covered outdoor entertaining area off the back of the house and a wide concrete hardstand with room for the trailer, the boat or the caravan.

And there's still a lot of lawn left over. That's the point. This block is primed for whatever you want to do next — extend the shedding, put in a pool, or look at adding a second dwelling out the back to really supercharge the return. Worth noting too: the deposited plan shows a lane at the rear of the block, and buyers should consult the plan and make their own enquiries as to its current status and whether it can be used for access. The groundwork has been done for you; the upside is still on the table.

Right now the home is returning $530 per week to a good tenant, so it pays its way from day one whether you're building a portfolio or land-banking a quality block in a tightly held street.

And when you do feel like walking somewhere — the Village Green Hotel is barely a stroll

Type

House

Bedrooms

4

Bathrooms

1

Parkings

1

Area

605 m²