Positioned in a sought-after location, this property presents an outstanding opportunity for investors, developers, or those looking to secure a site with strong future potential. Zoned R3 Medium Density Residential, the possibilities here are extensive.
Zoned R3 Medium Density Residential - Residential uses permissible, dual occupancies, secondary dwellings, multi-dwelling housing, residential flat buildings, seniors housing, and group homesmaking this an ideal addition to any portfolio or development pipeline.
The existing dwelling is a character-filled home offering four bedrooms and one bathroom, with a functional kitchen featuring an electric oven, rangehood, and dishwasher. With an estimated rental return of approximately $400 per week, the property provides immediate holding income while future plans are considered.
Set on a generous 624m² block, the home showcases original features, high ceilings, and a traditional layout, with scope for renovation, redevelopment, or complete transformation.
Key Features:
R3 Medium Density Residential zoning
624m² block with development potential (STCA)
4-bedroom, 1-bathroom existing home
Functional kitchen with electric appliances & dishwasher
Estimated rental return of $400 per week
Ideal for investors, developers, or renovators
This is a rare opportunity to secure a versatile property with both immediate income and long-term upside. Be sure to check out the virtual tour to explore the property in more detail. Contact Lauren today to arrange your private inspection.
