The headline says it all! Firstly just move in and enjoy with the knowledge that you are able to sell off your backyard to reduce your mortgage or build a second dwelling yourself to enjoy a passive income.This property offers so many options that you are limited only by your imagination and offers incredible value for money to the astute purchaser. The key to the potential of this property is the generous 800m2 block that offers a myriad of development opportunity. On offer is a comfortable centrally located home that has recently undergone a substantial renovation that is now a very comfortable home with the addition of an updated kitchen with quality stainless steel appliances (including dishwasher) and stylish bathrooms with feature glass topped vanities. The options offered by this home are many. Ideal property with future development and rent it out safe in the knowledge that this property has a strong rental history and was previously returning $400 per week ($22,000 pa approx). Options also include to build 3 double story townhouses (STCA). Whilst you are going through the planning process - you can still enjoy a cash flow from renting out the home until you are ready to develop the site. Normally most development sites that we sell have dilapidated and unrentable properties on them that cannot return you a decent rental income whilst getting ready to build and that's what makes this property so very unique. The location is just as great as the property being easy walking to distance to Montpellier Primary School, local shops and supermarkets, and the beautiful Barwon River walking tracks. We cannot recommend highly enough for all first home buyers, investors, and property developers to inspect this unique find in old central Highton. Inspect today.
