A PRIME OUTSTANDING HOME WITH DEVELOPMENT POTENTIAL (STCA) - FIRST TIME OFFERED IN 50 YEARS!

This long-loved family home offers an exceptional opportunity that combines generous land size, a highly sought-after location, and endless future possibilities. Set on a substantial 922m² allotment, this solid 3-bedroom, 1-bathroom home with an oversized double garage presents an exciting opportunity for developers, investors, or families looking to create their dream residence.

The Existing Home - Comfort & Convenience:

Step inside this warm and welcoming residence, featuring spacious living areas that flow seamlessly into the heart of the home. A very functional open plan boasts a timber kitchen with a substantial meals area, serving as a natural gathering place for busy families. With ample car accommodation, including an oversized double garage plus a 2-car carport, there's room for the whole family's vehicles and secure storage.

Location Highlights:

• Education: Zoned for Albany Rise Primary School and Wellington Secondary College, with Mazenod College and Monash University Clayton Campus just a short drive away.
• Transport: Excellent connectivity via nearby bus routes along Springvale Road and Wellington Road, and quick access to both the Monash Freeway (M1) and Eastlink.
• Shopping & Dining: Minutes to Waverley Gardens Shopping Centre, Brandon Park Shopping Centre, and a variety of local cafés, restaurants, and specialty stores.
• Lifestyle & Recreation: Close to parklands, sports clubs, and community facilities, ensuring a great lifestyle for families.

Exceptional Development Potential (STCA):

Astute investors and developers will immediately recognize the outstanding potential of this flat, rectangular allotment. With favourable Monash Council zoning and zero restrictive overlays (no flood, bushfire, or heritage constraints), this represents a rare, developer-friendly opportunity for multi-unit development or luxury home construction. The clean title and optimal land configuration significantly reduce development risk while maximising profit potential.

Strong Rental Yield Fundamentals:

Current rental market analysis indicates robust demand for quality family homes in this prime location. The property's spacious layout, premium school zoning, and excellent transport connectivity deliver strong rental appeal with consistent occupancy rates. This presents an ideal "lease now, develop later" investment strategy, generating immediate cash flow while you plan your development timeline.

Whether you choose to renovate, rebuild, or redevelop, this property's size, location, and potential make it an unmissable opportunity in the heart of Mulgrave.

Auction: Saturday 13th September at 10:30am unless sold prior.


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