Positioned on a generous parcel of land within an R40 zoning, this property presents an outstanding opportunity for developers, investors, and astute buyers seeking both immediate income and future development potential (subject to council approval).
Currently leased at $675 per week, the home provides a solid holding income while plans are explored to retain the existing dwelling and develop two additional residences at the rear—a highly desirable option in today’s market. Opportunities like this are becoming increasingly scarce, particularly in well-established suburbs with strong demand.
The property is conveniently located close to local schools, shopping facilities, public transport, and key arterial roads, further enhancing its appeal to both tenants and future owner-occupiers.
Key highlights include:
R40 zoning with retain-and-build two potential (STCA)
Current rental income of $675 per week
Affordable holding costs with water rates approx. $985.92 p.a. and council rates approx. $1,841.88 p.a.
Strong demand location with excellent redevelopment upside.
This is a rare chance to secure a high-potential asset offering both cash flow and long-term growth. For further details or to arrange an inspection, contact Mahi Masud today.
