If you are looking for a development opportunity, this home is a must to inspect! 15 Patwin Street offers an abundance of options for the astute buyer - occupying an 852m2 block, the existing residence is a post-war home with development approvals to subdivide and build two new dwellings.
The owner's instructions are clear, and this property MUST be sold! All price ranges must inspect. Subdivision opportunities with the growth potential of this property is not to be missed.
Features include:
Large 852m2 block with BCC development approval already in place to split evenly down the middle;
Existing home has been consistently rented, providing an income stream while you consider your options;
Elevated block in exclusive pocket of Oxley with sweeping views available to the south and east;
Walking distance to shopping hubs, bus interchange, railway station, and quality local schools.
Your options are limitless. Design and build two exclusive residences to hold or sell, retain the property as an investment while you consider your options or perform some small cosmetic updates and move in as is. Alternatively, you could conduct a full-scale renovation and create an expansive home for your family to enjoy for years to come.
The development approval in place allows you to split the block evenly down the middle to create two blocks of approximately 426m2. Remove the existing home, and you can create two new builds which benefit from the stunning local views to the south and east. Live in one, rent out the other or you can sell both new homes and move on to your next development project. Regardless of what choice you make, you will benefit from the strong imminent growth in Oxley and the wider Western Corridor.
The blue-chip Oxley location is thriving and convenient, with many amenities within walking distance. Oxley Shopping Centre - including supermarket, gym, cafes and other amenities - is less than a kilometre away. The Brisbane CBD is within 13km and regular train and bus services make for an easy commute. Families looking to renovate and live on Patwin Street for the long-term will appreciate being within the Corinda State School and Corinda State High School catchments - private secondary schools such as St Aidan's Anglican Girls School and St Peters Lutheran College can be easily accessed via public transport.
Astute buyers who can see the value of a large homesite within a sought-after pocket of Oxley are encouraged to inspect this weekend.
▶
