6 Newton Street

Reservoir VIC 3073

585 m²

House

Currently for sale - view listing

Overview

Square, Rare & Ready to Transform

Set on a highly desirable 585sqm allotment with an impressive wide frontage, 6 Newton Street, Reservoir presents an increasingly rare opportunity to secure a blue-chip development site in one of Melbourne's fastest-evolving growth pockets. Whether you're a seasoned developer, savvy investor or land banker looking to capitalise on the area's ongoing transformation, this is the type of property that rarely comes to market. Occupying a substantial parcel in a neighbourhood experiencing significant redevelopment, the property's regular shape and generous frontage provide the ideal foundation for a range of future possibilities (STCA). Surrounded by quality new homes and townhouse developments, the site offers outstanding scope to unlock its full potential while taking advantage of strong buyer demand in this thriving Reservoir location. The existing residence remains standing and offers accommodation comprising three bedrooms, multiple living spaces, a functional kitchen and meals area, central bathroom, plus the added bonus of a self-contained rear studio complete with its own bathroom. While the home requires renovation and updating, it provides flexibility for those looking to lease, renovate or hold while finalising future development plans. Location is another undeniable highlight. Positioned just moments from Northland Shopping Centre, Summerhill Shopping Centre, the Plenty Road Tram (Route 86) and the expansive parklands of W. Ruthven VC Reserve, every convenience is within easy reach. Families and future occupants will also appreciate the proximity to schools, local cafes, medical facilities and recreational amenities, while the vibrant Preston Market and surrounding dining precinct are only a short drive away. Large, level, square allotments with wide frontages are becoming increasingly difficult to secure, particularly in locations where redevelopment is already well underway. Offering exceptional dimensions, outstanding accessibility and limitless future potential, 6 Newton Street is a compelling opportunity to secure a premium landholding in one of Reservoir's most exciting growth corridors. A property where today's purchase has the potential to become tomorrow's landmark development. (STCA) Brought to you by Vendor Marketing - Melbourne's most qualified vendor advocates - www.vendormarketing.com.au