Prime Triplex Development Opportunity!
Unlock the potential of this expansive 1,313 sqm block, ideally suited for savvy developers looking to capitalize on a unique investment opportunity. This property is being sold ?AS IS? and is ready for your vision?whether that means renovation or redevelopment.
This prime offering is bustling with potential, and not one to miss!
??? KEY HIGHLIGHTS
Subdivide or Develop:
With R20 zoning, you have the opportunity to establish 2 to 3 properties on this generous lot (subject to council approvals). The Seller ideally would like to settle in April 2025, which will give lots of time to get the planning in motion ready for development upon settlement. The Seller will provide access for surveyors, planning approval etc. as required during the settlement period.
Renovation Potential:
The existing double brick 1970's home features character elements like double French doors, high ceilings, and multi-level layout offering a spectacular canvas for those looking to renovate while maintaining unique charm.
Location Advantage:
Situated at the top of a quiet cul-de-sac, this property benefits from a serene environment while being conveniently close to amenities. The hill-top position provides not only scenic views, but a lovely cool breeze in the summertime heat. This prime location enhances its appeal for future occupants and investors alike. This particular pocket of Medina, with mostly brick homes on large blocks, is the premium and highly sought after pocket of the suburb.
Development Considerations:
1. Inspect Before You Offer: If you plan to retain the existing home in your development strategy, we encourage you to conduct building and pest inspections prior to making an offer?this property is not subject to inspections after acceptance.
2. Demolition Opportunity: If a complete redevelopment aligns with your vision, you can demolish the current structure and build fresh homes, maximizing your investment.
The Specifics:
* Solar Panels for energy efficiency
* Current 1970's home full of character, however needing some attention
* 3 good sized bedrooms
* Separate Studio
* Double French Doors leading to undercover entertainment area
* High Ceilings
* Ornate ceiling fans
* Characteristic happy + bright colour scheme throughout
* Undercover carport and fully fenced yard
* Fully Fenced Yard
* End of Cul-de-sac location, close to all amenities
* 1313sqm of land, with R12-20 zoning (opportunity to establish 2-3 separately tilted properties)
Financials:
* Annual Council Rates Approx.: $1,839.33
* Annual Water Rates Approx.: $893.46
* Occupancy: Owner Occupied
* Sellers Preferred Settlement Terms: April 2025
This property is a blank slate waiting for a developer with vision to transform it into a profitable venture. For a closer look at this exciting opportunity, contact us to arrange a viewing or receive a video walkthrough.
Seize this opportunity to make your mark?get in touch today!
?? Contact Stacey Tree on 0467 039 610, or Jade Shani on 0401 522 584.
Urban Habitat has no reason to doubt the accuracy of the information listed above which has been sourced by means which are considered reliable, however we cannot guarantee accuracy from third party sources. Prospective purchasers are advised to carry out their own due diligence
Straßenadresse | Entfernung | Anzahl der Schlafzimmer | Anzahl der Badezimmer | Gebäudefläche | Verkaufsdatum | Verkaufspreis | Datenquelle | |
|---|---|---|---|---|---|---|---|---|
 | 0.26 km | 3 | 2 | -m2 | 2025 Jahr 02 Monat 05 Tag | $605,000 | Council approved | |
 | 0.17 km | 3 | 1 | -m2 | 2024 Jahr 12 Monat 19 Tag | $585,000 | Council approved | |
 | 0.18 km | 3 | 1 | -m2 | 2024 Jahr 11 Monat 28 Tag | $565,000 | Council approved | |
 | 0.25 km | 2 | 1 | -m2 | 2024 Jahr 11 Monat 11 Tag | - | Council approved | |
 | 0.21 km | 4 | 2 | -m2 | 2024 Jahr 10 Monat 12 Tag | - | Council approved |