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140 Princess Street

Kew VIC 3101

5
3
4
1000 m²
House
Currently for sale - view listing

Overview

Approved Plans, Permits and Ready to build Six Townhouses

Unquestionably one of the finest redevelopment opportunities available in eastern Melbourne, this landmark Edwardian residence is set on an extraordinary allotment of 1,000 square metres (approx.) with approved plans and permits for a lucrative multi-residential redevelopment. Rich in its original character, the home is well suited to those looking to rejuvenate an icon, whilst this remarkable site offers plenty of dream home potential, but the first steps have already been taken towards a hassle-free, six townhouse redevelopment that is destined to reward your efforts. Well removed from the road and accessed via a wide return veranda, the home currently creates a regal street presence and offers immediate livability under soaring ceilings of pressed metal, complemented by leadlight windows, open fireplaces and rich period character, all within lush established gardens. But the plans have already been approved and the land cannot be ignored as the pressure for higher density suburban living intensifies, ensuring that this is the perfect redevelopment candidate. This is a high-profile position guaranteed to enjoy an enduring market appeal, merely metres from Willsmere Village and moments from Kew Junction, as well as the iconic parklands of Studley Park and the popular private school precinct, whilst easy freeway access and Mornington Peninsula access is likely to be an added drawcard.

Features

5 bedrooms
3 bathrooms
4 carspaces
1000 m² lot size
House

Property history for 140 Princess Street

2023
Rented
Undisclosed
Leased on 02 Feb 2023 by Marshall White - Stonnington
2022
Sold
Undisclosed
Private Sale/Treaty on 30 Aug 2022 by Nikki Van Gulick, of Marshall White - Hawthorn Boroondara

Happy sellers in Kew

72%
72% of sellers in Kew reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 20 reviews in Kew over the last 12 months.

Local market activity for 5 bedroom houses in Kew

In the last 12 months, 45 five-bedroom houses similar to 140 Princess Street, have been sold.

This represents a 40% increase in five-bedroom houses sales when compared to the previous 12 months.

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