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156 Rathcown Road

Reservoir VIC 3073

4
1
2
740 m²
House
Currently for sale - view listing

Overview

Invest & Develop Approved Townhouses

M7 Real Estate takes pride in showcasing an amazing INVESTMENT opportunity to build 4 Townhouses on a spacious 740m2 block of land. Be quick to inspect this delightful family home nestled in a peaceful location offering an ideal lifestyle of space, comfort and conveniently located off the With a well-designed layout consisting of 4 bedrooms, 1 bathroom, and 2 car parking spaces, it offers comfortable living for residents. This property's standout feature is its incredible development potential. Already granted permission for 4 townhouses, this is an ideal location for a future development project. The spacious land size provides ample space for construction, ensuring a profitable venture for developers. Located in a highly sought-after area, this property boasts a prime position within the Reservoir suburb. With convenient access to shops, schools, parks, and public transport, residents are presented with a lifestyle of convenience and comfort. Currently, the property is under lease with tenants paying $2,086 per month, which provides a steady income stream for potential investors. This allows for a seamless transition for those looking to secure an investment property with immediate returns. Whether you are an astute developer or an investor seeking strong rental returns, this property presents an exciting opportunity. Don't miss out on your chance to secure a prime development site in Reservoir's thriving market. Contact us today to arrange a viewing and explore the boundless potential this property has to offer! Feel free to book your private inspection anytime if you are unable to attend advertised inspections. Contact our team for queries or booking private inspections Prateek : 0412 974 041 Rahul : 0477 013 797 Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information. DISCLAIMER: Photos are for illustration purpose only. The actual product may vary.

Features

4 bedrooms
1 bathroom
2 carspaces
2 garage spaces
740 m² lot size
House

Property history for 156 Rathcown Road

2021
Sold
$910,000
Auction Sale on 26 Mar 2021 by Alastair Surtees, of Ray White Reservoir

Happy sellers in Reservoir

88%
88% of sellers in Reservoir reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 113 reviews in Reservoir over the last 12 months.

Local market activity for 4 bedroom houses in Reservoir

In the last 12 months, 111 four-bedroom houses similar to 156 Rathcown Road, have been sold.

This represents a 30% decrease in four-bedroom houses sales when compared to the previous 12 months.

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