Set on a generous 652sqm (approx.) allotment and accompanied by approved plans and permits for two three-bedroom townhouses and one two-bedroom townhouse, this property presents an outstanding opportunity for developers, investors or buyers looking to secure a site with exciting future potential (STCA).
Offering immediate comfort alongside long-term possibilities, the existing home is a well-maintained two-bedroom, two-bathroom residence that provides a solid foundation while future plans take shape. Inside, the home is presented in excellent condition and features two light-filled bedrooms, two spacious bathrooms and a large open-plan living and dining area complemented by a generous family-sized kitchen. Outside, there is ample off-street parking along with a neat and tidy backyard, creating a comfortable and functional environment to enjoy in the meantime.
While the home is perfectly liveable as it stands, there is also scope for cosmetic updates to further enhance the current residence. Whether you choose to move in, lease out, renovate or proceed with the approved development, the flexibility here is a major advantage.
Positioned in a convenient and well-connected pocket of Reservoir, the location adds further appeal. The property is within walking distance of Keon Park Station, local bus services, JC Donath Reserve and the shops and cafés along Johnson Street, while also being just moments from local schools and offering easy access to the Metropolitan Ring Road for effortless commuting.
Surrounded by a neighbourhood that continues to evolve with new developments and modern homes, the true value of this property lies in both its present-day comfort and its exciting future prospects.
Whether you are a homeowner looking for a project, an investor seeking strong potential, or a developer ready to capitalise on approved plans, this is an opportunity not to be missed.
