This is a standout property that will spark the interest of renovators, investors and developers. On offer is a spacious 4-bedroom weatherboard house on an impressive level allotment of 987 sqm approx.
THE DEVELOPER ADVANTAGE (Federal Budget Exempt)
Following the recent Federal Budget, established investment properties have lost their traditional negative gearing benefits. However, 'New Builds' that create a net housing supply increase such as building more than one unit on this site are completely EXEMPT from these restrictions. Utilising this massive 987sqm level block to build a multi-unit project (STCA) allows your future buyers to retain full negative gearing benefits, making this property a highly lucrative, in-demand asset.
Boasting a single-level floor plan, the original house has been extended, comprising 4 bedrooms with built-in robes, a central bathroom, 2nd toilet, an original gas-appointed kitchen and versatile living and dining rooms.
Original character features include sash windows, decorative cornices, hardwood floors and an open fireplace, complementing central gas ducted heating and a garage/workshop. Explore the brilliant potential for renovation, extension, replacement or subdivision (STCA of course).
Explore the brilliant potential here:
* Renovate & Extend: Bring the classic weatherboard character back to life.
* Subdivide & Build: Keep the front and build at the back or clear the site for a premium multi-unit development (STCA).
The Location: Tucked away in a quiet no-through street, you are just a few minutes’ walk from Gracedale Park and the 664 bus line (connecting directly to Westfield Knox, Bayswater, and Croydon shops/train stations). Enjoy a remarkably short drive to Tintern schools, pristine local reserves, Eastfield and Eastland shopping hubs, and easy EastLink access.
SOLD in Bayswater North
