Set on a substantial 1,170m² (approx.) allotment in a highly sought-after location, this exceptional property presents a rare opportunity for investors and developers seeking both immediate rental return and outstanding future development potential (STCA).
Currently leased on a periodic tenancy at $370 per week to excellent long-term renters, the home provides reliable holding income while plans for redevelopment or subdivision are explored.
The existing three-bedroom home offers comfortable, generously proportioned accommodation, featuring a large living area at its heart. A functional kitchen overlooks the adjoining dining space, providing a practical and convenient layout for everyday living. At the rear of the home, an enclosed sunroom adds light and a connection to the outdoors. A central bathroom services the bedrooms.
Externally, the scale and versatility of the allotment truly set this property apart. The expansive rear yard is enhanced by valuable rear lane access, providing exceptional flexibility for redevelopment, subdivision, or further improvements (STCA). A substantial two-bay shed offers ideal workshop or storage space, complemented by a single carport for undercover parking.
Positioned in a quiet, tightly held street, this is a rare chance to secure a sizeable landholding with solid rental income today and significant long-term upside tomorrow.
Enquire today to unlock the full potential of this outstanding opportunity.
Property ID: #L39370747
