Set on a generous 607m² allotment, 23 Kokoda Avenue, Hamilton presents an outstanding opportunity to unlock value in a well-located area. Priced to sell below land value.
This one-bedroom home requires a full renovation and substantial clean-out, making it ideal for buyers ready to take on a project with strong upside.
The Opportunity:
• Renovate, rebuild or redevelop (STCA)
• Significant value add potential
• Potential for dual occupancy or unit development (STCA), with neighbouring properties already setting the precedent
• Affordable entry point for investors, builders or developers
Location Highlights:
• Just a 3-minute drive to the town centre for shopping and amenities
• 5-minute walk to local bus stop and milk bar
• 15-minute walk to the picturesque Lake Hamilton
Important Information:
• Not suitable for immediate occupancy
• Being sold in its current condition
Perfect for renovators, builders or developers. An excellent opportunity for those willing to roll up their sleeves and reap the rewards. Properties with this level of potential at this price don’t last long.
Residential Tenancy.
The Vendor (and Agent) do not in any way make a representation that this property is compliant with the provisions of The Residential Tenancies Amendment Act 2018 (Vic)('the Act') and the Residential Tenancies Regulations 2021 (Vic)('the Regulations'). If the property is to be used as a rental property, the purchaser should make independent enquiries in regards to the suitability of the property and its compliance with the Act & Regulations.
Important links for buyers:
https://www.consumer.vic.gov.au/housing/renting/repairs-alterations-safety-and-pets/minimum-standards/minimum-standards-for-rental-properties
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/buying-property/inspect-properties-before-you-buy
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
