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Exceptional location for Renovators or Developers with Vision
This expansive property of 1,327sqm approx. with a wide frontage currently carries a brick family home at the rear of the property providing a prized range of options; including utilising the existing endorsed permit and plans for three luxurious town residences, two with four bedrooms and one a three bedrooms. Alternatively lending itself perfectly for the construction of a luxurious new family residence, multiple town residences or units (STCA). The value and investment potential of this rare opportunity is underpinned by an outstanding family location in the sought-after Maling Road precinct; close to Highfield or Wattle Parks, plus an excellent array of private and state schools, including Canterbury Primary. Also public transport and shopping options including the Riversdale Road tram and both Middle Camberwell or Camberwell Junction shopping is within easy reach - delivering exceptional family lifestyle benefits.
The site is surrounded by many period homes without heritage overlay so buyers will recognise the exceptional potential this site offers. The existing brick family home is introduced by lush gardens with mature trees and features garden vistas from the living areas, three bedrooms and extensive off-street parking. Buyers should also note the comfortable home is currently leased on a monthly basis ($650 p/wk) which could be maintained while a decision on its future is made including the approval of new plans and permits if desired.
Land size: 1,327sqm approx Due Diligence Checklist
The site is surrounded by many period homes without heritage overlay so buyers will recognise the exceptional potential this site offers. The existing brick family home is introduced by lush gardens with mature trees and features garden vistas from the living areas, three bedrooms and extensive off-street parking. Buyers should also note the comfortable home is currently leased on a monthly basis ($650 p/wk) which could be maintained while a decision on its future is made including the approval of new plans and permits if desired.
Land size: 1,327sqm approx Due Diligence Checklist
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Canterbury
Median residential price
$2,850,000
2 bedroom
$849,750
3 bedroom
$2,340,000
4 bedroom
$3,448,000
Similar suburb median prices
2 bedroom
$855,000
3 bedroom
$1,950,000
4 bedroom
$2,720,000
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