Situated in a quiet no through road perfect for residential development, this prime allotment of 1,258sqm is in a low density zoning and is ready for development for either a knock down and build 2 new homes, or possibility to keep the existing home and build another at the rear (subject to council approval).
The existing home is positioned beautifully towards the front of the block but requires renovation works. Currently leased for $320 per week, the house offers a rental return of $16,680 per annum while plans and permits are being applied for which makes this property a fabulous opportunity for the astute buyer.
Close to all amenities including Boronia Train Station, Shops, cafés, schools, and parklands will make for exceptional resale prices!
The home next door (4 Lyndon Road, Boronia) is also for sale & would create an opportunity to combine both blocks (2,618sqm) to increase the development potential to a 5 unit site.
Proudly Marketed by Harcourts Boronia.
Photo ID required at Inspections.
Property ID: #L18674003
