Set in a quiet court just meters from Bundoora Square Shopping Centre, this single-level home presents an exceptional investment or redevelopment opportunity. Supported by a valuable council permit for a six-bedroom rooming house, the property is perfectly positioned near the tram to RMIT and La Trobe University—ideal for strong long-term demand.
Currently vacant and ready for immediate occupation or leasing, the home offers a projected rental income of approximately $56,000 per annum. The floorplan includes a spacious family room, a functional kitchen/meals area and a bright central bathroom. Sitting on a generous 767sqm approx. block, it also comes with approved planning and permits for the construction of three modern townhouses, adding further future potential.
A short walk to Norris Bank Primary School and St Damien’s Primary School, and moments from DFO Uni Hill, Parade College, Northside Christian College and Loyola College, this location delivers unbeatable convenience in a thriving education and lifestyle precinct.
Key Features
• Large single-level home on 767sqm approx. in a quiet court
• Comes with a six-bedroom council-approved rooming house permit
• Ready to lease with potential rental income of approx. $56,000 p.a.
• Includes planning and permit to build three townhouses
• Steps to Bundoora Square shops and tram services
• Close to RMIT, La Trobe University and DFO Uni Hill
• Walking distance to local primary schools
• Easy access to M80 Ring Road
• Moments from Parade College, Loyola College and Northside Christian College
