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1 Albenca St

Mentone VIC 3194

4
2
2
809 m²
House
Currently for sale - view listing

Overview

Prime GRZ5 Development Opportunity on Approx. 809sqm – Auction

Positioned in one of Mentone's most sought-after bayside pockets, this exceptional GRZ5-zoned property presents an outstanding opportunity for developers, investors, builders and families alike. Set on approximately 809sqm with a substantial wide frontage, the possibilities here are endless (STCA). Offering exciting redevelopment, subdivision or luxury new home potential (STCA), this highly desirable allotment is ideally suited to buyers looking to capitalise on the strong demand for quality homes and multi-dwelling developments within this tightly held location. The existing home is currently tenanted, providing immediate rental income while future plans are considered, making it an ideal landbank or investment opportunity. Perfectly positioned within walking distance to Mentone Station, local bus services, parks, cafes, shopping precincts and leading schools, while Mentone Beach is only moments away, delivering the ultimate bayside lifestyle. Property Highlights: Approx. 809sqm allotment GRZ5 zoning Wide frontage with outstanding redevelopment potential (STCA) Existing home currently tenanted Ideal subdivision or multi-dwelling opportunity (STCA) Premium bayside landholding in tightly held location Excellent investment or landbank opportunity Walk to Mentone Station, cafes, parks and schools Approx. 1.5km–2km to Mentone Beach Opportunities of this size, zoning and location are increasingly rare in Mentone. Secure your place in this highly desirable bayside suburb and unlock the future potential on offer.

Features

4 bedrooms
2 bathrooms
2 carspaces
1 open car space
1 garage space
809 m² lot size
House

Property history for 1 Albenca St

2022
Rented
Undisclosed
Leased on 12 Jul 2022 by Barry Plant Mordialloc
2021
Rented
Undisclosed
Leased on 10 Jun 2021 by Barry Plant Mordialloc
2021
Sold
$1,377,000
26 Mar 2021 by James Colyvan, of Barry Plant Mordialloc

Happy sellers in Mentone

80%
80% of sellers in Mentone reported that their sale price either exceeded or met their price expectations.

Mentone stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in Mentone over the last 12 months.

Local market activity for 4 bedroom houses in Mentone

In the last 12 months, 38 four-bedroom houses similar to 1 Albenca St, have been sold.

This represents a 8% increase in four-bedroom houses sales when compared to the previous 12 months.

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