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Rarely does a property of this size and investment potential become available in such a prestigious location in the highly regarded Golden Mile precinct, one of Melbourne's most prestigious residential areas with its leafy surroundings and beautiful tree-lined streets. This property offers an outstanding opportunity to redevelop with a luxurious new family residence in keeping with the surrounding homes, build two new townhouses or renovate and update the existing homes (STCA).

Currently occupied by two spacious townhouses c 1975 on separate titles, in very good condition with un-renovated interiors by today's expectations. Situated on a well maintained garden allotment and once renovated these homes would be suitable for an owner-occupier or re-leasing. Both have similar easy living floorplans. Townhouse 1 enjoys street frontage with a front and rear courtyard garden. Comprising an entrance hall, living/dining room, two bedrooms, main with WIR, period-style bathroom with separate WC, modern kitchen with meals area and adjacent laundry; plus ducted heating, R/C air conditioner and lock-up garage. Townhouse 2 at the rear has a similar floor-plan and amenities but is larger and has three bedrooms plus garaging for three cars and a garden shed/storage.

This exceptional property enjoys a privileged position in one of Canterbury's highly regarded streets amongst some of the area's most prestigious properties - close to historic Maling Road or Camberwell Junction, Whitehorse Road shops, cafes and Balwyn Cinema plus easy access to a myriad of Melbourne's prestige schools, public transport options, Boroondara Park and the Outer Circle trails for recreation - all desirable features that will attract buyers to this locale.
Land size: 790sqm approx.
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Director, Auctioneer
James Tostevin
Sales Executive
Scarlett Hang
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    Rare Golden Mile Redevelopment Opportunity
    Rare Golden Mile Redevelopment Opportunity
    Rarely does a property of this size and investment potential become available in such a prestigious location in the highly regarded Golden Mile precinct, one of Melbourne's most prestigious residential areas with its leafy surroundings and beautiful tree-lined streets. This property offers an outstanding opportunity to redevelop with a luxurious new family residence in keeping with the surrounding homes, build two new townhouses or renovate and update the existing homes (STCA).

    Currently occupied by two spacious townhouses c 1975 on separate titles, in very good condition with un-renovated interiors by today's expectations. Situated on a well maintained garden allotment and once renovated these homes would be suitable for an owner-occupier or re-leasing. Both have similar easy living floorplans. Townhouse 1 enjoys street frontage with a front and rear courtyard garden. Comprising an entrance hall, living/dining room, two bedrooms, main with WIR, period-style bathroom with separate WC, modern kitchen with meals area and adjacent laundry; plus ducted heating, R/C air conditioner and lock-up garage. Townhouse 2 at the rear has a similar floor-plan and amenities but is larger and has three bedrooms plus garaging for three cars and a garden shed/storage.

    This exceptional property enjoys a privileged position in one of Canterbury's highly regarded streets amongst some of the area's most prestigious properties - close to historic Maling Road or Camberwell Junction, Whitehorse Road shops, cafes and Balwyn Cinema plus easy access to a myriad of Melbourne's prestige schools, public transport options, Boroondara Park and the Outer Circle trails for recreation - all desirable features that will attract buyers to this locale.
    Land size: 790sqm approx. Due Diligence Checklist
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    Canterbury
    Median residential price
    $2,780,000
    2 bedroom
    $890,625
    3 bedroom
    $2,250,000
    4 bedroom
    $3,327,500
    Similar suburb median prices
    2 bedroom
    $860,000
    3 bedroom
    $1,885,000
    4 bedroom
    $2,720,000
    About Canterbury

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    Become a part of Melbourne’s elite in expansive and affluent Canterbury. With a long and proud history, it’s been occupied by the city’s well to do since the nineteenth century – with many of its early residents and properties still remembered in the street names of the suburb, such as Logan Street and Monomeath Avenue. More recently, celebrities and CEOs call this spacious suburb home – and it’s easy to see why. With many of Victoria’s most prestigious private schools throughout the Boroondara region, it’s filled with families looking to offer their children the very best in education, location and life.

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    Become a part of Melbourne’s elite in expansive and affluent Canterbury.
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