Offered for the first time to the market is this classic elevated home, situated in the leafy, fringe of the city, suburb of Stuart Park. The property has amazing potential to renovate for home occupiers, plus it also offers developers a fantastic 732sqm parcel of land with enormous future rezoning benefit (subject to planning approval), while at the same time offers the prospect of excellent holding income.
Features at a glance:
- 732sqm block of land with future rezoning potential from MD to MR (STPA)
- Large elevated house with plenty of potential to renovate for home occupiers
- Amazing views directly out towards Dinah Beach Oval
- 4 bedrooms, 1 bathroom upstairs
- 2 bedroom, 1 bathroom granny flat down stairs
- Spacious dining and living area with views of the park
- Large kitchen with plenty of bench space and natural light
- 2 verandahs on each side of the house with views of the park
- Fully functional 2 bedroom granny flat downstairs with living room and kitchen
- Shed and kitchenette downstairs under the house
- Gorgeous gardens have been maintained immaculately
- Excellent proximity to the city, close to shops, schools and parks
If you are a developer, then now is the time to think ahead and buy your next project site at the bottom of the market. With 6 bedrooms in total the property would provide excellent holding income for the future. Neighbouring properties have successfully rezoned from MD to MR, so when the time is right there is a genuine opportunity to do the same.
Perhaps you are a family looking for that perfect location, directly opposite the oval with amazing views all throughout the day. In the afternoon the area comes alive with birdlife as well as the buzz of people going about their daily exercise.
One thing is for sure, properties like this rarely become available. The family have decided to offer the property to the market for the first time in nearly 50 years. Here's your chance to secure a special piece of blue-chip real estate at a fantastic price!
Other relevant information:
Zoning: MD
Year Built: 1969
Land On Title: 732sqm
Easements: Sewerage easement to PAWA
Council Rates: $2,290 per annum
Status: Vacant possession offered