31 Cambridge Way

Campbellfield VIC 3061

676 m²

House

Currently for sale - view listing

Overview

Permit Approved Opportunity with Immediate Rental Return

Positioned in a quiet and well-established pocket of Campbellfield, this solid brick residence presents a strategic opportunity for first home buyers and developers alike, with the added advantage of an approved town planning permit already in place. The existing home offers a functional, light-filled layout with comfortable living zones, polished timber flooring and a neat kitchen and bathroom. It is immediately liveable or leasable, while providing a clear pathway for future improvement or redevelopment. Currently tenanted at $1,999 per calendar month on a fixed lease until 31st August 2026, the property delivers an immediate income stream while future plans are considered or progressed. The true value lies in the underlying potential. With planning approval secured, the property is primed for development, allowing buyers to fast-track their project and capitalise on the site without the uncertainty and delays typically associated with the planning process. The outdoor space further enhances flexibility, catering to families requiring room to move, as well as buyers seeking scope to extend, rebuild or execute the approved development outcome. Conveniently located close to local shops, schools and public transport, the property also benefits from easy access to major arterial roads, providing seamless connectivity to Broadmeadows, Fawkner and the wider northern corridor. This is a high-opportunity acquisition with immediate usability and clear upside, ideal for first home buyers entering the market or developers ready to deliver on an approved scheme.