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Character filled home with development potential (STCA)

Sitting pretty at the front of a flat 928 sqm (approx.) block in a quiet, cul de sac, this property presents a range of lucrative options to the savvy investor or homeowner. Ideally positioned for subdivision, you could build your dream home to the rear and enjoy panoramic views over the Dandenong ranges, whilst leasing/selling the front property. Alternatively, demolish and build three townhouses (STCA).

The existing home is equipped with a modern kitchen and bathroom, ducted heating and a functioning open fireplace for cosy nights by the fire with a bottle of wine. The home also offers air conditioning to the main living area and a large, undercover entertainment patio where you can sit and contemplate the expansive rear yard and make plans for unlocking its potential. Positioned a short stroll to Studfield shops, cafés, restaurants and IGA supermarket and a pleasant walk to Knox Shopping Centre, Ozone and Village Cinemas, the precinct is ripe for capital growth.

The home is currently being leased out as short-term accommodation, with scope to bring in over $1,000 per week. Existing furniture and household items can be negotiated as part of the sale if desired. With property values skyrocketing, a large chunk of land in the backyard may just be your golden ticket to a comfortable retirement!

** Please be advised that the advertised inspections are by appointment only so please register your details with the agent prior to attending to avoid disappointment. Due to Covid-19 and the government regulations there is a limit of 10 individuals inside the property at any one time. You will be required to wear a mask inside the property unless an exemption applies, provide ID and contact details to our agent as well as check in using the QR code provided at the property.**