Positioned in the heart of Scoresby, 649 Stud Road presents a rare and ready-made opportunity for developers, investors and forward-thinking buyers. Sitting on a generous 739sqm (approx.) allotment with wide street frontage, this standout site comes complete with approved plans and permits for six architect-designed townhouses, removing the guesswork and fast-tracking your path to construction.
Adding immediate value is the existing solid five-bedroom home, currently leased and delivering a strong rental return of $620 per week. Whether you're looking to build now or landbank for the future, this site offers the perfect combination of passive income and development potential, right in the heart of a high-growth corridor.
Inside the existing home, you'll find a versatile double-storey layout featuring five bedrooms, three bathrooms, multiple living areas and a well-appointed kitchen. Two master suites—one on each level—enhance liveability for families or tenants, while a double garage and ample outdoor storage complete the picture. It’s a home that’s ready to live in or lease out as-is, giving you flexibility while finalising your plans.
Set in an ultra-convenient location, you’re surrounded by some of the area’s most desirable lifestyle and education options. Westfield Knox, The Glen, and Mountain Gate Shopping Centre are just minutes away, along with parks, public transport and EastLink for easy city access. Families will love the proximity to top-rated schools including Scoresby Secondary College, Carrington Primary, Templeton Primary, Mountain Gate Primary, St Jude’s, and Caulfield Grammar, just to name a few.
This is an outstanding acquisition for builders and savvy investors alike—a shovel-ready project with immediate cash flow, flexible development potential and an address that will only grow in value. Opportunities like this don’t come around often in such a sought-after pocket of Scoresby.
Act now and make the most of this high-impact site with minimal wait time and maximum upside.
