This property is full of potential, those wanting to build will appreciate the diversity of design and variety of options for them to consider, provided by the approximate 1089sqm of land with a width of 22.86 metres. And with the lands position at the end of a cul-de-sac, only the resident will know the exclusivity of the property. For those young enough to rough it, live in the home 5 years while you work on the dream. The home is comfortably airconditioned.
Developers and opportunists take note, the City of Mitcham has released for consultation a new development plan for this precinct which may in the future make the property suitable for subdivision into 250sqm allotments (subject to both the plan changes being implemented, and then all normal consents being achieved). Currently the property may be suitable for subdivision into 2 allotments on a non complying development approval basis. The vendors have recently submitted to Mitcham Council planning and development department, a survey plan for a subdivision proposal. The council response has been that the proposal has merit. The vendors have not proceeded to making a full application. The reason for the non complying status is that the frontage is less than the width because of a corner cut off of land reducing the frontage to 17.60 metres instead of the required 18metres. The survey plans and building design submitted to council are available.
Just every so often, an opportunity comes along that any real estate purchaser looking for that unique offering should never miss. To ignore this property because of perception about property near a trainline may well be the biggest mistake of your lifetime.
Ive sold a number of properties immediately adjacent trainlines and the people that move in say it is the best thing they have ever done. And the main reason owner residents on trainlines sell is because they have been in the home for an enormous amount of time (like these current vendors) and the home no longer suits their future requirements. Investigate, check for yourself, when the last time a home adjacent a flat, straight section of railway line sold and how long it had been, since it sold previously.
