Positioned in one of Maryborough's most desirable residential pockets, just moments from High Street shopping, schools, medical facilities, and community amenities, this is a rare opportunity to secure a permit-approved development site with existing rental income potential.
Currently leased for $350 PER WEEK until October 2026
Set on approximately 1,023m² of residential-zoned land, this classic California Bungalow delivers immediate holding income options alongside exceptional future upside.
Existing Residence Rent, Renovate or Hold
The charming three-bedroom weatherboard home features:
Hardwood floors and high ceilings
Flexible third bedroom/studio space
Functional kitchen and living zones
Rear verandah access
Double garage and extensive rear yard
The home is well-suited as a current investment property while planning your next stage of development, providing flexibility and income during the transition.
The Major Advantage Planning Permit Already Approved
Savvy investors will immediately recognise the value in the approved planning permit from Central Goldfields Shire, allowing for:
Demolition of existing outbuildings and fencing
Construction of two additional dwellings
Three-lot subdivision with common property
Associated infrastructure works
Avoid the time delays, uncertainty, and holding costs of securing council approval - the groundwork has already been done.
Investment & Development Potential
This property suits buyers seeking:
Multi-dwelling development opportunity
Townhouse or unit project potential (STCA)
Strong rental yield prospects
Long-term land banking strategy
High-demand central Maryborough location
Close proximity to schools, hospital, retail, and transport
With strong demand for quality housing in regional Victoria, and Maryborough continuing to attract investors and tree-change buyers, opportunities of this scale and approval status are increasingly rare.
Whether you choose to lease the existing home, commence construction immediately, or stage the project strategically, this is a property that offers flexibility and clear growth potential.
Connect with Real Estate Kate today for a copy of the planning permit and development documentation.
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