Opportunities like this are getting harder to find. Set on approximately 650m2 in a proven growth pocket of St Albans, this property delivers on all fronts with approved plans, holding income and a location that consistently attracts buyers and tenants.
The site comes with endorsed town planning and engineering drawings for two side by side four bedroom townhouses, allowing you to bypass the lengthy approval process and move straight into construction when ready.
In the meantime, the existing dwelling has already been split into two fully self contained residences. Each offers two bedrooms, its own kitchen and bathroom, along with separate power meters, making it ideal to generate dual rental income and offset holding costs.
The wide driveway provides excellent access through to the rear, further enhancing the practicality and design of the approved development.
From a location standpoint, this is exactly where you want to be. Walking distance or a short drive to St Albans Train Station and the vibrant Alfrieda Street shopping strip, with cafes, restaurants and essential retail all close by. Nearby schools include St Albans Secondary College, St Albans East Primary School and St Albans Heights Primary School, while Victoria University St Albans Campus is also within easy reach. Access to Western Ring Road and major arterials ensures strong connectivity to the CBD and surrounding suburbs.
This is a high demand pocket backed by consistent buyer activity, strong rental returns and ongoing development, making it a smart acquisition whether you build now or landbank and hold.
Approved, income producing and positioned for growth, this is the type of opportunity developers wait for.
For a copy of the endorsed plans and further details, get in touch.
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