Bring your vision to this vintage weatherboard on 490m2 (approx.) in the Residential Growth Zone (Schedule 1). A heartbeat away from Box Hill Centro, this is a golden opportunity for high density development in Box Hill's bustling restaurant and retail hub, with potential for multi storey units which have grown in value by 17.7% in the last quarter (Source: REIV). The 3-bedroom home features soaring ceilings, a cosy lounge and family room with open fireplace and space heater, central heating and cooling, and a grand wraparound verandah enclosed with cafe blinds and lattice. The inclusion of 8 solar panels also reduces electricity costs at this original home built in the 1920s, now primed for new beginnings. A rectangular block in this residential growth corridor allows potential for apartment development (STCA) to a height of 13.5 metres- a lucrative prospect with median unit prices reaching $571,000 and $775,000 in the upper quartile (Source: REIV) of 2017. Make your move in this lifestyle hot spot, a 5 min walk to the train station, shopping centre and food epicentre of Melbourne's second CBD.
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