Perfectly balancing timeless character with exceptional future upside, this beautifully updated full-brick bungalow presents a remarkably rare opportunity in one of Carlton's most coveted, tree-lined enclaves. Sitting on a generous, level block with a highly sought-after north-to-rear aspect, the property offers a premium lifestyle for immediate enjoyment alongside immense high-density development potential.
Unrivaled Development & Land-Banking Potential
Developers, investors, and land-bankers take note: this prime parcel boasts highly coveted R4 High Density Residential zoning with a lucrative 1.5:1 Floor Space Ratio (FSR) and 15m height limit. The level topography and premium zoning unlock significant scope to design and construct a highly profitable boutique apartment complex or multi-dwelling project if amalgamated with the adjoining property (STCA). Sites with this specific combination of zoning, FSR, and clear land are exceedingly rare in the St George area.
Because the existing residence has been flawlessly renovated, it provides the ultimate holding-income scenario. The stylish, move-in-ready condition allows you to secure premium rental returns from quality tenants while consulting with architects, drafting plans, and navigating the council approval process.
The Residence:
• Three oversized bedrooms: Generously proportioned with high ceilings and abundant natural light, creating ideal private retreats.
• Multiple living zones: Features an expansive separate living room for entertaining, a dedicated dining space, and a versatile sunroom perfect for a home office or children's playroom.
• Designer modern kitchen: Fully renovated for the home chef, showcasing sleek countertops, premium contemporary appliances, and extensive storage.
• Chic renovated bathroom: Newly updated with high-quality fixtures and a crisp, modern aesthetic.
• North-facing backyard: A sun-drenched, well-sized outdoor sanctuary perfect for weekend entertaining, gardening, or relaxing in the fresh air.
• Everyday convenience: Includes a dedicated internal laundry room and easily accessible off-street parking.
The Location & Lifestyle:
Any future development-or current residency-benefits immensely from this ultra-convenient, high-demand locale. Leave the car at home with Allawah Station just 1km away and Carlton Station only 1.3km away. Top local schools, parklands, and vibrant village amenities are all within easy reach, guaranteeing strong, enduring appeal for future buyers and renters alike.
Whether you are a family seeking room to grow, a downsizer demanding single-level comfort, or an astute investor eyeing a future lucrative development, this property delivers on every front. Move straight in and enjoy the immediate lifestyle benefits of this tightly held Carlton enclave today, while securing a premium, high-yield asset with limitless future potential tomorrow.
