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7 Springwood Avenue

Narre Warren VIC 3805

3
1
2
729 m²
House
Currently for sale - view listing

Overview

Develop, Invest or Land Bank 729sqm ACZ Corner Site

ONLY Estate Agents is proud to present 7 Springwood Avenue, Narre Warren an exceptional opportunity to secure a prime corner landholding in one of Narre Warren's most sought-after and convenient pockets. Set on approximately 729sqm of prime corner land and zoned Activity Centre Zone (ACZ), this strategically positioned property offers exciting potential for developers, investors and land bankers looking to capitalise on a location in the heart of Narre Warren. Outstanding Development Potential (STCA) The combination of Activity Centre zoning, a substantial 729sqm allotment and prominent corner position may provide scope for a variety of future development and commercial outcomes, including: Multiple townhouse development Apartment development of up to four levels Medical or Medicare centre Dental clinic Professional offices or consulting suites Other residential, commercial or mixed-use opportunities permitted within the zone **All potential uses and development outcomes are subject to council and relevant authority approval (STCA).** Earn While You Plan: Currently occupying the site is a **three-bedroom, one-bathroom home which is already rented**, providing an immediate holding income while you explore your options and prepare plans and permits for your future development project. For developers and land bankers, this provides an attractive opportunity to **secure the site today, generate income while you hold and plan for tomorrow.** Property Highlights: Approximately 729sqm of land Highly desirable corner allotment Activity Centre Zone (ACZ) Existing 3-bedroom, 1-bathroom residence Currently rented, providing immediate holding income Potential for townhouses or apartments up to four levels (STCA) Potential for medical, dental or professional office uses (STCA) Ideal for developers, investors and land bankers Strategic position in the heart of Narre Warren Location That Delivers: Positioned in one of the best pockets of Narre Warren, the property enjoys exceptional access to some of the area's most important retail, commercial, entertainment and transport amenities. Located just moments from Westfield Fountain Gate, Bunjil Place, Narre Warren Station, schools and public transport, with convenient access to the Monash Freeway and surrounding major arterial roads. With Narre Warren continuing to grow as a major residential, retail and commercial centre in Melbourne's South East, opportunities combining Activity Centre zoning, a prominent corner position and existing holding income are increasingly difficult to secure. Whether you're looking to develop multiple dwellings, explore an apartment or commercial project, invest for the future or simply land bank in a strategic location, 7 Springwood Avenue deserves your attention. 729sqm. Corner Site. ACZ Zoning. Immediate Holding Income. Outstanding Future Potential. For further information or to arrange an inspection, contact: Khalid Sarwari or Sajjad Nasim Today!!! *All development concepts, potential uses, building heights and outcomes mentioned are indicative only and subject to council and relevant authority approval (STCA). Prospective purchasers should make their own enquiries and undertake independent due diligence regarding zoning, overlays, permitted uses and development potential.*

Features

3 bedrooms
1 bathroom
2 carspaces
729 m² lot size
House

Property history for 7 Springwood Avenue

2019
Sold
$585,000
29 Nov 2019 by Gabriel Nigro, of Barry Plant Berwick

Happy sellers in Narre Warren

87%
87% of sellers in Narre Warren reported that their sale price either exceeded or met their price expectations.

Narre Warren stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 46 reviews in Narre Warren over the last 12 months.

Local market activity for 3 bedroom houses in Narre Warren

In the last 12 months, 199 three-bedroom houses similar to 7 Springwood Avenue, have been sold.

This represents a 16% increase in three-bedroom houses sales when compared to the previous 12 months.

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