Description
With blocks of land locally under 500m² selling in the high $300’s to early $400’s — and no vacant land currently available — this property represents a rare and valuable opportunity. Because as every smart investor knows, the value is always in the land!
Set on a spacious 1067m² R20-zoned block, this property offers incredible versatility. Whether you want to retain and build, or demolish and create two generous 530m² lots with their own street frontage, this site uniquely allows both options (subject to council approval).
The Home
The existing home is neat, tidy, and move-in ready, featuring:
Fresh interior paint throughout
Brand-new carpets
A modern solar system for energy efficiency
Comfortable living spaces ideal for rental or owner occupation
This makes it the perfect “live now, develop later” investment — earn solid rental income while you finalise your subdivision or building plans.
Financials
Expected rental return: approx. $550 per week
Zoning: R20 (two-lot potential)
Council Rates: $2009.00 as per last notice
Water Rates: $900 per year approximately
