Sitting proudly on a corner allotment of approximately 644sqm, this double-storey brick veneer home presents one of Mulgrave's most exciting opportunities - whether you're looking to develop, invest, or move straight in and enjoy the home itself.
Stepping inside the double storey brick house you'll be greeted with polished floorboards, a bedroom on the ground floor and an open plan floor plan that has plenty of room for growing family. The comfortable layout has been brought into a modern era being freshly painted throughout creating a contemporary modern feel making it comfortable for the family to enjoy. It has in total four bedrooms, one bathroom, two toilets and double car lock up garage.
Buyers looking to occupy will appreciate the space, the natural light, and the convenience of this tightly held Mulgrave pocket. With two full street frontages and the ideal layout for separate driveways, this block is perfectly positioned to knock down and build two beautiful standalone homes (STCA). Each future home could achieve a strong rental return of around $1,000 per week, giving you an impressive combined rental potential of approximately $104,000 per annum.
While you begin planning your new dual-occupancy vision, the existing home is currently rented for $600 per week by an excellent tenant - meaning you can earn solid income while you prepare your plans and permits.
Location Benefits – Unbeatable Mulgrave Convenience. Mulgrave is one of Melbourne's most central and in-demand suburbs, and this address places you moments from:
• Monash University Clayton – the standout benefit, only minutes away
• Monash Medical Centre
• Brandon Park Shopping Centre
• Waverley Gardens Shopping Centre
• M1 & Eastlink freeway access
• Bus stops and local transport
• Nearby schools such as Mazenod College, Wellington Secondary College & local primary schools
• Beautiful parks, reserves and walking tracks
• Close to employment hubs, education precincts and lifestyle amenities
Whether for students, families, or professionals, the lifestyle convenience here is absolute.
Mulgrave continues to attract buyers for its family-friendly streets, strong school zoning, vibrant multicultural dining, and its unbeatable access to the entire south-eastern corridor.
The Opportunity:
• Develop two homes with street frontage and separate driveways (STCA)
• Keep the property rented at $600 per week while planning
• Move in and enjoy the comfort of a solid home in a prime location
• Landbank in a blue-chip suburb with exceptional long-term growth
Opportunities like this are rare - especially on a high-exposure, high-potential corner block in the heart of Mulgrave.
Make your move today. Contact Jessejames on 0431 108 933 to secure one of Mulgrave's most versatile and high-potential properties
Terms: 10% Deposit. Balance: 30 Days
Photo I.D. required at all inspections.
DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.
Please be advised that some images included in our marketing materials feature digital enhancement/virtual staging techniques designed to illustrate the property's potential appearance; these alterations are solely for visualization purposes
