Capitalise this incredible potential of this generous 697m2 allotment featuring charming 3 bedroom, 1 bathroom home in the Residential Growth Zone right in the heart of Corio. This exceptional opportunity is ideal for investors for development, first-home buyers, or families seeking a comfortable living with ample space. The spacious living area at the front of the property provides a relaxing space entertaining or unwinding. A well-appointed kitchen is functional with electric oven, gas cooktop, ample storage, offers plenty of space for meal preparation, seamlessly connects to the dining area, creating a functional and inviting layout for family meals. The home is bathed in natural light, enhancing its open-plan design. The central bathroom is well-maintained with separate toilet conveniently located opposite the laundry.
Step outside to a fully fenced backyard, perfect for children, pets, or transforming into your own outdoor oasis. With subdivision potential or building a small second dwelling (STCA), this property is a blank canvas ready for your vision.
Property Highlights:
Spacious Living: Enjoy a warm and spacious living area perfect for entertaining or relaxing with family and friends.
Functional Kitchen: Equipped with contemporary appliances e.g. electric oven, gas cooktop and ample storage for effortless meal preparation.
Spacious Bedrooms: Each bedroom offers a peaceful haven, ideal for rest and relaxation.
Laundry area: includes a separate setup, separate toilet and a door leading to backyard access.
Expansive Backyard: The property has over 697m2 of land with ample space for outdoor activities, or potential future development opportunities subject to Council approval (STCA).
Rental Income: This property is currently yielding income $335 per week, making it an investment - a blank canvas ready for your dream home.
Prime Location: The property offers easy access to Princes highway commuters, local schools, Corio Shopping Centre, public transport and parks.
Exciting Development Opportunity (STCA):
Take advantage of Amendment VC253 and Building Amendment Regulations 2023 which allows to enhance your property's investment potential:
A Small Second Dwelling (Up to 60m²) Build with just a building permit!
Multi-generational living Add extra accommodation for growing families for parents, adult children, or guests on the same property.
Earn Rental Income Rent out to maximize your investment.
Note: In 2017, approved plans and permits were obtained for subdivision / constructing 2 dwelling on this parcel of land; however, these have since lapsed. Now there is opportunity for up to three dwellings (STCA).
Don't miss this incredible high potential opportunity to secure your future in Corio. Contact us today to inquire and arrange an inspection!
Disclaimer: Whilst we endeavour to represent this property information to the best of our knowledge, this information has been provided to us by the property owner and we therefore accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in any information. We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information: http://www.consumer.vic.gov.au/duediligencechecklist
