When the value is in the land, position matters - and this is the type of opportunity buyers wait for.
Set on approximately 686m2 in an established Springvale pocket, this original weatherboard home sits on a prized corner allotment and presents a genuine blank canvas for builders, developers, investors and long-term land bankers. The existing residence is in largely original condition and, for many buyers, the real attraction will be the land, the corner position and the future potential of the site.
For those looking at the bigger picture, the corner setting provides valuable street exposure and added flexibility when considering a future rebuild or redevelopment, subject to council approval. Whether the vision is a new dream home, a multi-dwelling project or simply securing a substantial parcel of Springvale land for the future, this is the type of property where the site itself does the talking.
That said, do not discount the existing home. It currently offers three bedrooms, one bathroom and two toilets, together with multiple sheds, workshop space and substantial garaging. A buyer may choose to improve the home and live in it, or potentially lease it while investigating plans and permits, subject to the property's condition and all relevant requirements.
The location adds another layer of appeal. Springvale Reserve is close by, while Springvale's major shopping, market and transport precinct is within easy reach. Local schools, shops and major road connections are also nearby, making this a practical position for owner-occupiers, tenants and future development alike.
Original homes on sizeable corner allotments are becoming increasingly difficult to replace. Here, you are buying approximately 686m2 of land, a flexible corner position and a range of options for today, tomorrow and well into the future (STCA).
Terms: 10% Deposit. Balance: 30 Days
Photo I.D. required at all inspections.
DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.
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