Positioned in a highly sought-after pocket of Deer Park, an exceptional opportunity for developers, investors, or those looking to capitalise on a prime parcel of land with endorsed town planning for three quality townhouses.
Set on a substantial 745sqm (approx.) allotment, the hard work has already been done with approved plans in place, offering a ready-to-go project in a location defined by convenience and strong growth.
Endorsed Plans Include:
Unit 1: Impressive street-front residence spanning approximately 19.46 squares, comprising 3 bedrooms, 2 bathrooms, and a single lock-up garage.
Unit 2: Well-designed 3-bedroom home of approximately 15.64 squares, featuring 1 bathroom and a double garage.
Unit 3: Smart and efficient layout offering approximately 10.43 squares of living space, with 2 bedrooms, 1 bathroom, and a carport.
The existing dwelling is a solid brick home offering immediate rental potential or a renovation project while you prepare to build. It comprises 2 bedrooms, a separate lounge, central bathroom, a functional kitchen with adjoining meals area, and a double steel garage. With some TLC, it can be comfortably refreshed or leased out during the planning phase.
Perfectly positioned just minutes from quality schools, public transport, local reserves and parklands, and the ever-popular Brimbank Shopping Centre, this address ensures lifestyle ease and long-term appeal for future occupants.
Opportunities of this scale, with endorsed plans and in such a strategic location, are increasingly rare. Whether you're looking to develop immediately or landbank for the future, this is a standout offering with exceptional potential.
Property Information
- Rental return: The property is currently being let at $280.00 per week. If further updates were to be made to the property the property can achieve rent between $380.00 per week - $420.00 per week
- Council rates: $1,842.29 per annum
- Water rates: $726.88 per annum
All figures are approximate.
