9, 11 & 11A HOMEWOOD STREET CLOVERDALE
SELLING INDIVIDUALLY OR THREE TOGETHER
An exceptional opportunity to acquire three adjoining properties in a tightly held Cloverdale location, offering significant development potential under the R20/100 zoning framework.
Investor deleveraging has created a rare opportunity for developers, investors and strategic buyers to secure a substantial landholding with the potential to unlock a significantly higher and better use, subject to planning approvals (STCA) and purchaser due diligence.
Located in a highly convenient and established pocket of Cloverdale, 9, 11 and 11A Homewood Street present an exciting proposition for those looking beyond the existing homes and focusing on the underlying land value and future development possibilities.
DEVELOPMENT POTENTIAL
The R20/100 zoning provides a compelling foundation for future development, with the potential to explore a range of outcomes, including higher-density residential development and potentially apartment-style development, subject to applicable planning requirements, approvals, design considerations and other statutory conditions.
For developers, this is an opportunity to investigate the potential of a combined landholding rather than simply acquiring individual residential properties.
The strategic acquisition of all three properties may provide the scale and flexibility required to consider a variety of development concepts, potentially including:
Apartment-style residential development, subject to planning approval
Higher-density residential outcomes
Multiple dwelling development
Retention and redevelopment strategies
Land banking for future development
Alternative development concepts subject to feasibility and approvals
Purchasers are strongly encouraged to undertake their own independent investigations with the relevant authorities and consultants to determine the development potential, permissible density, built form and applicable planning requirements.
WHY THIS OPPORTUNITY STANDS OUT
Three properties offered together: 9, 11 & 11A Homewood Street
R20/100 zoning providing significant development potential STCA
Opportunity to investigate higher-density and apartment-style residential outcomes
Strategic landholding in an established metropolitan location
Ideal for developers, builders, investors and land-bankers
Strong underlying land value with multiple potential exit strategies
Existing residential improvements provide holding potential while development plans are investigated
Convenient access to shopping, parks, public transport and major road connections
EXISTING RESIDENTIAL IMPROVEMENTS
While the underlying development potential is the primary attraction, the existing residence provides immediate utility and holding flexibility.
All 3 properties tenanted and paying $600 rent per week each property.
The character-filled brick and tile home, originally constructed in 1967 and offers three bedrooms, one bathroom and a practical floorplan.
Features include:
Three bedrooms and one bathroom
Spacious living areas
Light-filled open-plan kitchen and dining
Floating floorboards
Functional bathroom with shower/bath
Separate laundry and toilet
Enclosed rear yard with paved patio
Large workshop
Single carport with drive-through access
Additional driveway parking
The existing accommodation could provide an attractive holding option while purchasers undertake their feasibility studies, planning investigations and development assessment.
A LOCATION THAT SUPPORTS THE STRATEGY
The property is positioned close to Forester Park, providing convenient access to established recreational facilities and green space.
Everyday amenities are readily accessible, with Belmont Forum nearby offering extensive shopping, dining, entertainment and essential services.
Excellent transport connections further enhance the location, while proximity to the CBD, airport precinct and surrounding established suburbs adds to the site's appeal for future residential development.
THE OPPORTUNITY
This is not simply an opportunity to purchase a home.
It is an opportunity to secure a strategic landholding in Cloverdale and investigate what can be achieved under the R20/100 zoning framework.
With three properties being offered together or purchase individually, a motivated seller and genuine instructions to sell, opportunities of this nature are rarely available for long.
Whether your strategy is to develop, retain, land bank, renovate or investigate a higher-density residential outcome, 9, 11 and 11A Homewood Street deserve serious consideration.
The existing homes are only part of the story. The real opportunity lies in the land and what may be possible in the future.
ACT NOW
Developers, builders and astute investors are encouraged to conduct their own due diligence, obtain independent planning and development advice, and assess the potential of this significant Cloverdale holding.
Three properties. One strategic acquisition. Significant development potential.
Opportunities combining R20/100 zoning, multiple adjoining properties, a strategic location
Do not miss the opportunity to investigate the future potential of 9, 11 & 11A Homewood Street, Cloverdale.
Call Max Shirin on 0470 510 269 or Arshad Ali on 0430 438 572 for more information and secure your golden opportunity.
Property sold "as is"; any subdivision or development is subject to relevant authority approval (STCA), with buyers to conduct their own independent due diligence.
