Set on a huge 1,615m² (approx) allotment in an ultra-convenient Kangaroo Flat location, this solid brick, one-owner home presents a rare and exciting opportunity for developers, investors and owner-occupiers alike. Positioned just a moments walk from the Kangaroo Flat shopping precinct, supermarkets, schools, public transport and everyday amenities, the location is definitely one that will always be in demand!
Immaculately maintained and built to last, the current residence is "as solid as they come" and offers the choice to comfortably live in or renovate, or alternatively remove and redevelop to fully capitalise on the generous landholding. With more than adequate space at the side of the home for a driveway to the rear, the property lends itself to a potential 34 unit development at the rear (STCA), meaning the scope here is undeniable.
The existing home retains all of its original charm and features, and is very liveable in its current form for owner occupiers until they decide to renovate something that would clearly enhance the home for the future. For the investor, there is some work required to meet minimum standards legislation and compliance, but if completed, the rental return is estimated at approx. $580-$600 per week a solid income whilst you obtain permits to subdivide and develop.
The floorplan is deceptively spacious, and neat and tidy in its current form. Accommodation includes three bedrooms, with the master enjoying a walk-in robe and ensuite. There is a separate study ideal for those working from home, and a central family bathroom and separate toilet service the remaining rooms. The layout offers excellent flexibility with two spacious living zones, including a sunken front lounge, and a functional kitchen with adjoining meals area will suffice for now until it's time to update. A large rear laundry completes the floorplan.
Outdoors is where this property truly shines. The expansive backyard provides endless possibilities, whether you're planning a multi-unit development, extensive landscaping, or simply enjoying the space that's becoming increasingly hard to find. A wide side driveway offers excellent access to the rear, and for the renovator or tradesperson, the substantial brick shed with concrete floor and power is a standout inclusion. An undercover alfresco area off the side of the home provides a sheltered space to relax or entertain while planning the next chapter.
A much-loved home on a remarkable block, offering limitless potential - opportunities like this are becoming increasingly rare.
