This property is located in the heart of Coburg, which could be suitable for families, investors, and developers. The property is walking distance to Coburg High School, a tennis academy, leisure center, shopping centre, close to preston market and public transportation. Additionally, it offers nice views and a walk on Merry Creek, and it is only a 15-minute drive to the city.
This property could be appealing to families with children attending Coburg High School or those who value access to sports and leisure activities. Investors may be interested in the potential for rental income due to its proximity to public transportation and amenities. Developers may see potential for redevelopment or expansion opportunities.
The generous room sizes and period features of the Californian Bungalow offer an attractive canvas for renovation to create a high-end home. The elevated home with a huge open living and dining area and a big kitchen and meals area provide ample space for comfortable living. The covered entertaining area and rear garden offer great potential for outdoor activities and leisure.
The property's location is also a great asset, with tram stops, schools, and shopping precincts within walking distance. The availability of child care centers, Moreland swimming pool, gym community center, and Moreland library offer great convenience for families with young children.
For those interested in investing, the property's current tenants are keen to continue the lease on a month-to-month basis, providing a regular income until plans and permits for development are obtained. The property's potential for development into 2 or 3 townhouses with 2 to 3 bedrooms each and 2 to 4 car spaces at the rear or the possibility of rezoning and developing into 3-level apartments in the future add to its investment potential.
Overall, the property's generous room sizes, period features, location, and potential for development make it a tempting prospect for those with vision and a desire to create a comfortable and attractive home or a profitable investment. However, any development plans will need to be subject to council approval, and it is recommended that potential buyers seek professional advice before making a purchase decision.
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