Mahere Papa
Explore the development opportunity of this property on a substantial 1161sqm allotment, conveniently located near the CBD and public transport.
The weatherboard home features a practical layout with three bedrooms (two with built-in robes), a family bathroom, a large living room, an eat-in kitchen, and a spacious rumpus room at the rear.
Year-round comfort is ensured with ducted heating and split system air conditioning, and storage and parking are well accommodated with a garage, carport, and garden shed, along with rear laneway access.
Currently leased on a periodic tenancy, this property offers flexibility for future plans and is a prime candidate for land banking. Its large size and strategic location make it a valuable asset for long-term investment, with potential for significant appreciation in property value as development progresses. While holding the property, the existing home provides interim rental income, supporting financial stability and allowing for future redevelopment opportunities in a high-demand area.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 3 | 1 | -m2 | 2024 11 06 | $370,000 | Council approved | |
 | 0.30 km | 3 | 2 | -m2 | 2024 09 22 | $460,000 | Council approved | |
 | 0.20 km | 4 | 2 | -m2 | 2024 09 11 | $430,000 | Council approved | |
 | 0.55 km | 3 | 1 | -m2 | 2024 08 12 | $470,000 | Council approved | |
 | 0.33 km | 2 | 1 | -m2 | 2024 08 01 | $275,000 | Council approved |