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