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This is a standout property that will spark the interest of renovators, investors and developers. On offer is a spacious 4-bedroom weatherboard house on an impressive level allotment of 987 sqm approx.
THE DEVELOPER ADVANTAGE (Federal Budget Exempt)
Following the recent Federal Budget, established investment properties have lost their traditional negative gearing benefits. However, 'New Builds' that create a net housing supply increase such as building more than one unit on this site are completely EXEMPT from these restrictions. Utilising this massive 987sqm level block to build a multi-unit project (STCA) allows your future buyers to retain full negative gearing benefits, making this property a highly lucrative, in-demand asset.
Boasting a single-level floor plan, the original house has been extended, comprising 4 bedrooms with built-in robes, a central bathroom, 2nd toilet, an original gas-appointed kitchen and versatile living and dining rooms.
Original character features include sash windows, decorative cornices, hardwood floors and an open fireplace, complementing central gas ducted heating and a garage/workshop. Explore the brilliant potential for renovation, extension, replacement or subdivision (STCA of course).
Explore the brilliant potential here:
* Renovate & Extend: Bring the classic weatherboard character back to life.
* Subdivide & Build: Keep the front and build at the back or clear the site for a premium multi-unit development (STCA).
The Location: Tucked away in a quiet no-through street, you are just a few minutes’ walk from Gracedale Park and the 664 bus line (connecting directly to Westfield Knox, Bayswater, and Croydon shops/train stations). Enjoy a remarkably short drive to Tintern schools, pristine local reserves, Eastfield and Eastland shopping hubs, and easy EastLink access.
Inspection by appointment
Tinternvale Primary School
Tintern Avenue Ringwood East
Croydon Special Developmental School
69-95 Belmont Road East Croydon
90 Alexandra Road Ringwood East
Heathmont East Primary School
Louis Street Heathmont
Eastwood Primary School
Alexandra Road Ringwood East
Dorset Primary School
Rescorla Avenue Croydon
Bayswater Secondary College
Orchard Road Bayswater
Bayswater North Primary School
Stuart Street Bayswater North
35 Wicklow Avenue 35 Wicklow Avenue Croydon
Maroondah Secondary College
20 Brentnall Road Croydon
Bayswater Primary School
Birch Street Bayswater
Croydon Community School
Cnr Mt Dandenong Rd & Anzac St Croydon
46 Great Ryrie Street Ringwood
Ringwood Secondary College
Bedford Road Ringwood
Croydon West Primary School
Hinkley Ave Croydon
Great Ryrie Primary School
Great Ryrie Street Heathmont
Our Lady of Lourdes School
23 Orange Grove Bayswater
Boronia Heights Primary School
Landscape Dve Boronia
Our Lady of Perpetual Help School
Wilana Street Ringwood
Ruskin Park Primary School
18 - 20 Ruskin Ave Croydon
Bayswater West Primary School
Phyllis Street Bayswater
Yarra Valley Grammar
Kalinda Road Ringwood
Kalinda Primary School
39-49 Kalinda Road Ringwood
Mullum Primary School
18 Panfield Avenue Ringwood
Bayswater South Primary School
Enfield Drive Bayswater
Croydon Secondary College
Norwood Secondary College
Byron Street Ringwood
Marlborough Primary School
Hardy Crescent Heathmont
Waters Grove Heathmont
Wantirna Heights School
Kingloch Parade Wantirna