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SALE $800,000 - $880,000
Unlock the potential of this prime property at 213 Spring St, Reservoir. This charming 3-bedroom, 2-bathroom home is not only a comfortable residence but also an outstanding investment opportunity, already generating rental income with approved permits for two large 4-bedroom townhouses.
• Charming Existing Home: The current residence offers three spacious bedrooms, a well-appointed bathroom, and a welcoming living area. It's perfect for tenants or as a cozy family home.
• Rental Income: Benefit from immediate rental yield, making this property a smart choice for investors seeking steady income while planning for future development.
• Approved Permits: This property comes with approved permits for two expansive 4-bedroom townhouses. Save time and start building your investment portfolio with ready-to-go development plans.
• Versatile Townhouse Design: Both townhouses feature a convenient downstairs bedroom, broadening your buyer pool to include downsizers, multi-generational families, and those seeking flexible living arrangements. This design maximizes resale value by catering to a wider market.
• Prime Location: Located in the heart of Reservoir, this property is within easy reach of local schools, parks, shopping centres, and public transport. Enjoy the convenience and lifestyle benefits of this sought-after neighbourhood.
• Development Potential: The approved townhouses promise substantial future returns. Capitalize on the growing demand for quality housing in Reservoir by developing these spacious, modern residences.
• Investment Appeal: The combination of immediate rental income and long-term development potential makes this an ideal investment for astute buyers looking to secure their financial future.
Additional Features:
• Current Home: Offers a cozy living environment with ample natural light and comfortable living spaces.
• Location Benefits: Close to essential amenities, Reservoir and Regent Station, Schools, Edwardes Lake, Preston Market - providing convenience and enhancing the property's appeal.
• Future Growth: Take advantage of the high growth area with increasing property values.
Don't miss this exceptional opportunity to own a versatile property with significant upside potential at 213 Spring St, Reservoir. Whether you're an investor or looking for a family home with future development prospects, this property ticks all the boxes.
363 High Street, Preston VIC 3072
Call Ian Dempsey on
0447556210
Call Rose Martin on
0422358208
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