14 Home Street, Bayswater North

Subscribe to regular market updates. 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