A DEVELOPER'S DREAM!
Unique in so many ways, this property represents a rare opportunity for investors, developers and astute purchasers to secure a large section of prime residential land South of the highway, which is ripe for redevelopment, now or later on.
Located in a quiet street with schools, CBD, SWHC, rail trail, Merri River and foreshore all just moments away, this property consists of a modest original stone 3BR residence sited towards the front of an elevated approx 1484m2 block. The block measures approx 20.4m front x approx 74.8m deep with room for at least another couple of home sites behind the existing residence. Soil type should be stable and well draining in this location and the property also enjoys elevated outlook over rural land and wetlands to the SouthWest.
The house has real presence from the street & some nice period features including 10' ceilings, decorative plaster ceilings and floorboards under the carpets; there is a wide formal entrance hall, 3 large bedrooms with built-in wardrobes, a lounge and open kitchen/ meals area, large "country" laundry, WI linen closet and modern bathroom with bath, shower, vanity and separate toilet.
The driveway runs up round the side of the house to the enclosed yard with good double garage, and additional outbuildings including storage rooms, some old sheds and stables - while they have age to them, they could easily be rejuvenated, and there is heaps of room for you to use as you wish and space for kids and pets to roam.
The house is not huge but is comfortable and convenient, and is currently rented at $300pw, providing solid cashflow for those wanting to redevelop the site later on. A subdivision would be simple (STCA), it's a case of how many lots you want to create and for what purpose; you could live in the front house, build a new home(s) for yourself or family member(s)at the back, then keep the front house for investment; you might keep it for later and look at an extensive townhouse development; or you might just want a cool house in town to live in, extend and add shedding for work, business, add a studio/ gym... the options really are endless.
This is not your stock standard 3BR brick and tile but this has so much more upside than the competition in an increasingly popular part of town. Potential plus position, inquire today and take a closer look!
- Built-In Wardrobes
- Close to Schools
- Close to Shops
- Close to Transport