Land Bank, Invest or Develop on 867m2

Property listing ID: 794970

Bedrooms
4
Bathrooms
1
Land area
867m²
Price / method
Sold August 2020 for $955,000

Under COVID-19 Lockdown Level 3 we are able to do two viewings per day at the property. Please contact the agents directly if you'd like to arrange a viewing. Under COVID-19 Lockdown Level 3 we are able to do two viewings per day at the property. Please contact the agents directly if you'd like to arrange a viewing. On offer here we have a rare 1920's 4 bedroom, 1 bathroom character bungalow with a renovated kitchen and bathroom on the premium end of Mount Wellington. The 1920's were the era when sections were full and houses were built to last for generations. With a heat pump to keep you cosy, and an incredibly sunny courtyard, this beautiful home will attract a lot of attention. Families would love the short drive to Lunn Avenue, Sylvia Park Shopping Centre, many supermarkets, cafes, entertainment, cinemas, restaurants, public transport and the easy access to the motorways. Investors will be proud of the current rental at $600 per week and the rare opportunity to land bank this large site at an affordable price with the potential of developing in the future. Developers would jump at the opportunity to start digging and start planning with their architect to explore all the possible options. The vendor is happy to start negotiating immediately as this investment is in excess to his requirements. As this property will appeal to a very wide range of buyers, we advise to inspect and present offers ASAP !

Listed by Barfoot & Thompson , Epsom Residential Sales (Epsom)