Perfectly positioned in the heart of St Albans, this versatile property presents an exceptional opportunity for first-home buyers, savvy investors, growing families, and developers alike. Step inside to discover a spacious open-plan layout, where the well-appointed kitchen seamlessly connects to the dining and living areas, all bathed in an abundance of natural light. The home comprises three generously sized bedrooms, each fitted with ceiling fans, including one with built-in robes, and is serviced by a centrally located bathroom featuring a skylight for added brightness. Towards the rear, a second living zone offers flexibility and flows effortlessly to the outdoor entertaining area, overlooking a substantial backyardperfect for family gatherings or future potential. Enhancing the appeal is a fully self-contained bungalow, complete with two bedrooms, a bathroom, and a kitchen, ideal for extended family and guests. All of this is set on a generous 586sqm (approx.) allotment, delivering space, comfort, and outstanding potential in a highly sought-after location.
This outstanding property presents a rare and lucrative development opportunity, offering approved plans and permits for the construction of up to three (3) townhouses. Ideal for developers and investors alike, the site allows for an efficient and well-considered multi-dwelling project, significantly reducing holding time and planning risk. Set on a generous allotment, the property's zoning and approvals provide the ability to capitalise on the strong demand for modern townhouses in this highly sought-after St Albans location. With plans already in place, buyers can proceed with confidence and expedite the development process, making this an attractive turnkey opportunity for both seasoned developers and those entering the market. Whether you choose to develop immediately or hold for future growth, this property offers exceptional potential to maximise returns in an area experiencing ongoing growth and urban renewal.
Situated only a short walk away from St Albans Station, Bus Stops (buses 418 & 421), St Albans Primary School, St Albans Secondary College, St Albans Market and only moments away Keilor Plains Train Station, Victoria University St Albans Campus, Shine Early Learning Centre St Albans, Victoria University Secondary College and University Park Primary School.
This opportunity is rare and will not be available for long, we look forward to meeting you at our next inspection.
