Set on a generous 684m² (approx.) north-facing allotment in a highly convenient location, this property presents an exceptional opportunity for developers, investors and forward-thinking buyers looking to capitalise on future growth.
With proposed plans for five dwellings already prepared, the site offers exciting scope to unlock its full potential and maximise returns (STCA). Whether you're an experienced developer seeking your next project, an investor looking to landbank in a growth corridor, or a buyer searching for a property with significant future upside, opportunities of this nature are becoming increasingly difficult to secure.
The existing residence comprises three bedrooms, one bathroom and a functional floorplan designed for comfortable day-to-day living. Timber flooring flows throughout the home, while a centrally positioned living area is equipped with split-system heating and cooling for year-round comfort. The bathroom includes a bathtub, and a rear deck provides a pleasant outdoor space overlooking the expansive backyard.
Beyond the home itself lies the true value of the offering. The substantial rear yard provides ample space for future redevelopment, with the proposed five-dwelling concept highlighting the site's development potential. Purchasers have the flexibility to generate rental income from the existing home while progressing plans, commence development in the future, or simply secure a sizeable parcel of land in a location poised for ongoing growth.
Conveniently positioned within close proximity to Corio Village Shopping Centre, local schools, parklands and public transport, the property offers strong lifestyle appeal for future residents. Easy access to the Princes Highway and Geelong Ring Road ensures seamless connectivity to the Geelong CBD, Melbourne and surrounding employment hubs, further underpinning the site's long-term investment credentials.
Combining a substantial north-facing allotment, future development potential, existing holding income possibilities and a location that continues to benefit from Geelong's growth, this is a rare opportunity to secure a property with both immediate appeal and outstanding future prospects.
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