Positioned on a generous parcel of land within a highly sought after Residential Growth Zone, this original home presents an exceptional opportunity for developers, investors and renovators to secure a premium site with outstanding long term potential.
Set on a wide and well proportioned allotment, the property offers a rare chance to capitalise in a tightly held pocket of Thomastown, where land value remains strong and consistently in demand.
The existing home is offered in original condition and features a functional layout comprising spacious bedrooms, a central living area, a well sized kitchen with adjoining meals space, and a rumpus room which can also be used as a study. Comfort is enhanced by ducted heating throughout, while the home also provides the perfect foundation for those looking to renovate, rebuild or completely redevelop, including an ideal knockdown rebuild opportunity in a prime location where value continues to be underpinned by strong demand (STCA).
Further enhancing its appeal is a rear garage with drive-through access and rear roller door leading to a carport, along with additional outdoor space, providing excellent practicality and flexibility for future use.
The substantial backyard and side access further enhance the usability of the block, making it ideally suited for future multi-unit development or the creation of a brand-new luxury residence (STCA).
Prime position in Thomastown, just moments from Thomastown Railway Station, with seamless access to the Metropolitan Ring Road via Dalton Road. Families will appreciate the proximity to Thomastown East Primary School, Lalor East Primary School and Lalor Secondary College, while shopping and amenities are well catered for with Pacific Epping Shopping Centre and Lalor Plaza Shopping Centre nearby.
Whether you choose to renovate, rebuild or redevelop, this is a rare opportunity to secure a substantial landholding in a prime location where value is underpinned by long term demand and strong growth fundamentals.
Land Size: 702m2 (Approx)
Deposit: 10% of the purchase price
Settlement Preference: 30/45/60/90 days
Rental Assessment: $500-$550 per week
