A FIRST HOME OR DEVELOPMENT OPPORTUNITY (STCA)

This very original brick veneer home with separate bungalow is in a Neighbourhood Residential zone and has the potential for another dwelling to be built in the back yard. The home is leased until the 4th of July this year and the tenant is paying 350.00 per week and there is every chance the tenants will stay on if the eventual purchaser wishes makes application for a town planning permit for the second dwelling. The 886 sqm block is near level so the building costs will be minimal. The property is only a short walk to Mooroolbark station and shops and is surrounded by other similar dual occupancy properties. The existing dwelling is ideal for a makeover and includes a new reverse cycle air conditioner.