48 Siemonek Rise
48 Siemonek Rise
Mortgagee Auction
A sunny dual apartment dwelling on 790m2 in Bethlehem has urban and rural views, even sea peeps. Its impending sale offers an opportunity to capitalize on the commitment to get it sold and benefit from two rental incomes or the opportunity to live in one and rent the other.
The apartments are one above the other with a shared ground floor foyer flanked by a double garage each. The huge parking and turning area outside the building and the privacy offered by being on separate floors increases the attraction. The two bedroom apartment is on the middle level above the garaging, the three bedroom occupies the entire top level.
A feature of these apartments is the huge terraces which wrap or run along living areas and extend from the master bedroom suites in each. The lower home has two bedrooms with sliders from the second also accessing the deck from the side. The lay of the land allows that both the second and third bedroom on the upper floor apartment can actually open directly outside at ground level, one to deck which is an extension of the huge terrace, one to bare ground which could be a compact flat lawn, or, to save any mowing, perhaps tiled or landscaped without too much effort.
The building has obviously been built with the intention of creating contemporary living spaces with quality fittings and fixtures. Benches are granite and both apartments have sculleries; the upper one so comprehensive that is includes the laundry just inside a back door, leaving the open plan area's kitchen free of clutter, excellent for entertaining. Bathrooms (en suite and main bathroom in each) are tiled with toning detail, lighting is well thought out and effective. There is a dedicated media room in the upper apartment. However there are a few bits of finishing necessary - the odd bit of grouting, decking to fill in etc - but nothing daunting.
The status as mortgagee sale opens up the possibility of securing these high spec apartments at a price which may not genuinely reflect their value. The rarity of apartment style living in a suburban area could work in its favour and make it attractive to residents not ready to live in a multi dwelling complex but wanting a low maintenance life near the central city. It is about five minutes into the CBD via the expressway.
The improvements to this property obviously represent substantial investment; maybe more than the purchaser at the mortgagee sale will pay. View this property if you are in the market to take advantage of this.