Located on a quiet street within the RZ4 redevelopment zone and free of amalgamation clauses, this 707m2 block has a long northern boundary and is ripe for redevelopment.
The house itself is in what can only be described as awful condition as it has suffered from fire damage and a lack of general maintenance - but that doesn't matter because the value here lies in the land. Within the RZ4 zone the buyer can subject to planning approval, develop the land for multi-unit dwellings!
You can build up to 3 storeys in height with basement garaging and utilize 80% of the land. Interestingly enough, much of the basement area of this house has already been dug out, which might save you some excavation costs! There are also other redevelopments already in the street, so precedent has been clearly set. If you have been looking for the perfect block of land in a quiet street to complete a quality, boutique development, then this could be it.
- RZ4 redevelopment zone
- Flat, easy to work with block
- Close to Daramalan College and Emmaus Primary
- Located in the Lyneham High catchment area
- Short walk to Dickson Precinct
- Close to light rail
