Rarely does a property offer the perfect balance of immediate lifestyle appeal and exceptional future potential. Set on a substantial landholding in one of Duncraig's most desirable pockets, this beautifully presented four-bedroom, two-bathroom family home delivers exactly that.
Welcome home to 4 Melissa Street.
Whether you're searching for your forever home, a premium land banking opportunity or your next boutique development, this is a property that allows you to enjoy today while planning for tomorrow.
Already benefiting from Development Approval for three new dwellings, the property offers outstanding flexibility. Even more exciting is the opportunity to purchase the neighbouring property at No. 6 Melissa Street (search REIWA or Domain), creating a combined 1,367sqm landholding with approved plans for six quality residences-an exceptionally rare offering in such a tightly held location.
For the astute investor, the property is currently leased until May 2027, returning an impressive $975 per week, providing an immediate income stream while you finalise your future development or land banking plans.
For families, the home provides everything you'd expect from a quality residence. Spacious and well-maintained throughout, it features four generous bedrooms, two bathrooms, multiple living zones and a secure double garage, all designed to comfortably accommodate growing families.
Outside, the expansive grounds provide plenty of room for children to play, entertaining with family and friends, or simply enjoying the space that's becoming increasingly difficult to find.
A Rare Opportunity With Multiple Pathways
Whether your vision is immediate or long-term, the choice is yours:
- Move in and enjoy an established family home in a premium location.
- Secure an investment with an existing lease in place until May 2027, returning $975 per week.
- Utilise the existing Development Approval for three dwellings.
- Secure the adjoining property at No. 6 Melissa Street and create an approved six-dwelling development across approximately 1,367sqm.
- Land bank today and capitalise on tomorrow's opportunities.
Location is everything, and this address delivers in every respect. Positioned moments from local shopping centres, beautiful parklands and public transport, you'll also enjoy easy access to some of the area's most respected schools, including Duncraig Senior High School, Duncraig Primary School and St Stephen's School.
Properties offering this combination of lifestyle, strong holding income, generous land size and approved development potential are becoming increasingly scarce. Whether you're looking to secure a quality investment with excellent rental returns, a future family home with significant upside, or a premium development opportunity in an established suburb, this is an investment in your future.
Property Highlights:
Development Approval for 3 new dwellings already in place.
Opportunity to purchase adjoining No. 6 Melissa Street with approval for 6 dwellings across both sites.
Currently leased until May 2027 at $975 per week.
Existing 4-bedroom, 2-bathroom family home.
Double lock-up garage.
Spacious family-friendly floorplan with multiple living areas.
Large established landholding with exceptional future potential.
Premium location close to schools, shopping, parklands and public transport.
Outstanding flexibility to invest, land bank, renovate or develop.
Secure one exceptional property-or unlock the full potential by acquiring both. Opportunities like this are incredibly rare and offer a level of flexibility seldom found in today's market.
For further information, a copy of the approved development plans or to arrange your private inspection, contact Carl Casilli on 0403 009 814 or Luke Jessop on 0419 336 488
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, neither the Agent nor the Seller guarantee their accuracy. The particulars of this advertisement are supplied for general information only and shall not be taken as representation in any respect on the part of the Seller or their Agent nor form part of any contract. Prospective clients should carry out their own independent due diligence to ensure the information provided is correct and meets their expectations.
