Sold - $805,000

4 BED ·  3  BATH ·  2+ PARKING

Lifestyle or redevelopment? – the options are endless

Positioned on an enormous 7,900 square metre approx. parcel of land this unique land holding offers the potential to do what the current owner has done for decades: enjoy peace and quiet in a manicured bushland setting, moments away from the city or alternately consider an array of development options (STCA) afforded by its attractive Inner Residential zoning.

This impressively large land holding is improved by a sturdily built brick and tile home with real potential to create a self-contained apartment below. The home currently offers three double bedrooms, a two way bathroom, laundry with shower and two interconnected living zones: kitchen-dining area and a formal lounge. Below the main floor line and separately accessed is a spacious third living room with kitchenette, bathroom and oversize bedroom. This lower level could be readily used to generate additional income via short stay accommodation or be integrated back into the main residence to create a four-five bedroom home.

Complimenting the home is a sealed circular driveway, gazebo overlooking Sandy Bay Rivulet and a wonderful native garden, offering exceptional privacy for a property so close to the hustle and bustle of the city.

The land also lends itself to further residential development subject to the usual approvals which may or may not include the current home, which continues to offer great holding income allowing developers to defray costs while exploring an array of multiple dwelling concepts.

Opportunities such as this rarely come to market and it is very rare indeed to acquire such large sites within three kilometres of the GPO.

House area: 196m² approx
Land area: 7,931m² approx