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Built, Subdivide, Nest $2,100,000 to $2,200,000
BUILD
1. With planning permits nearly approved to build 4 new town homes( STCA) set build' time on this double fronted 1660sqms (approx.) zoned for Livingstone Primary and Vermont Secondary College (STSA) For astute investors, the prospect of building 4 magnificent new dwellings each on 400sqms (approx.) lets you capitalize on the strong price growth recorded in Vermont South, which has risen to reach a median house value of $1.451m (Source: REIV 2023 Q1). Not surprising given its family friendly amenities including the 742 bus to Chadstone, tram to Deakin Uni, PLC and the city, and great nearby shopping and dining options at The Glen, Burwood One, Westfield Knox and Eastland.
RENT
2. The legal groundwork gives you 2 years to start(STCA), which presents time to get build ready, and rent out the solid brick single level entertainer and its resort pool. While you consider construction plans for the gateway location and its 47m (approx.) frontage, the showcase home appeals with its unique boomerang design and quality craftsmanship - fashioned in Daniel Robertson double brickwork for natural insulation, and privately zoning its bedrooms at either side of the poolside living space.
SUBDIVIDE
3. Subdivide to create two generous 800sqms (approx.) lots to create stunning new family homes (STCA) with street frontage. Currently leased month to month, there's ongoing income stream while you make plans for the subdivision of this exclusive sized land parcel.
NEST
4. It's also a chance to take advantage of this artisan family home in its heartland location close to Vermont South's shopping and transport hub and Bellbird Dell. A centrpiece granite kitchen with Bosch appliances presents as a picture-perfect cooking hub, overlooking the al fresco space which sweeps across the rear of the home. High raked ceilings, exposed beams, heated floors, wool carpets, a gas log fireplace, spa bath and 18,000L rainwater storage add to the character and comfort of the sprawling residence.
505 Burwood Highway, Vermont South VIC 3133
Call Angela Zhu on
0430108698
Call Jimmy Lu on
0451940619
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