Discover an exceptional investment opportunity with this prime development site located at 29 Spruha Ave in Norlane. Spanning a generous 832 m?, this property comes with approved plans for 4 townhouses, making it an ideal choice for developers seeking to meet the growing demand for modern living spaces in the area.
Both properties are currently rented out, providing immediate cash flow while you prepare for development. This ensures you can start your investment journey with a solid foundation, allowing for a seamless transition from rental income to development.
The location is key, with the property situated close to a range of amenities, including schools, parks, public transport, and shopping centers. This convenience makes it an attractive option for future residents, enhancing its appeal and potential resale value.
With two separate titles, you have the flexibility to explore various investment strategies, whether you choose to develop both properties simultaneously and at different stages. Don?t miss out on this unique opportunity to invest in a thriving community with significant growth potential.
Key Features
? Development Approved: Plans for 4 townhouses in place.
? Spacious Block: 832 m? lot size.
? Dual Titles: Two separate titles for flexible investment options.
? Current Rental Income: Both properties rented out for immediate cash flow.
? Prime Location: Close to schools, parks, public transport, and shopping centers.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.38 km | 2 | 1 | -m2 | Year 2025 Month 01 Day 06 | $445,000 | Council approved | |
 | 0.41 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 27 | - | Council approved | |
 | 0.03 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 22 | - | Council approved | |
 | 0.28 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 09 | - | Council approved | |
 | 0.30 km | 0 | 0 | -m2 | Year 2024 Month 09 Day 08 | - | Council approved |
