Positioned next to Paisley Park, with Altona Lakes Golf Course just metres away along the street, this approximately 715sqm allotment comes with plans and permits approved for two luxury homes of approximately 30 squares each.
The approved designs give buyers a clear vision for the site's next chapter, combining substantial new homes with an established Altona North location surrounded by parkland, sporting facilities and everyday conveniences.
The existing two-bedroom residence includes a separate lounge, dining room, adjoining kitchen, combined bathroom and laundry, and separate WC. Side vehicle access leads to a carport and detached single garage, with a generous rear garden highlighting the allotment's depth and scale.
Enjoy easy access to Paisley Park's playground and sporting precinct, Altona Lakes Golf Course, BayFit Leisure Centre and Bayside P–12 College's Paisley Campus. Altona Gate Shopping Centre adds further shopping and everyday convenience nearby.
With an estimated combined rental income of $2,000 per week upon completion, the two new homes may also offer depreciation deductions and potential negative gearing benefits, depending on individual circumstances and independent tax advice.
A substantial landholding, approved plans and a parkland setting create a compelling opportunity for developers, builders and buyers planning their next project.
Contact Eric Mancini on 0413 952 305 for a copy of the approved plans and permits.
