A great size block, ideal for a new development (subject to planning approval). Featuring a wide frontage of over 16 metres, the site is well suited to a dual occupancy, side by side townhouse development.
The current home presents as an opportunity for a possible income stream whilst working through plans for any future development, however, there may be a need to inject some capital into the home prior to leasing.
The property is well situated in close proximity to multiple public and private schools, parklands and Hampton Street shopping strip which will appeal to families looking to purchase the end product.
We feel the quoted price range is bullish given the current market conditions, we would be interested to see what discount would apply should the property sit idle for too long.
Phillip’s career has been built on meeting the needs of a special group of people. Invariably they are medical professionals, farmers, graziers and professionals looking to access good quality advice on property as part of a long-term wealth creation strategy. Having been involved in over $1 billion worth of property acquisitions, Phillip is well placed to provide buyers with advice and support in areas with growth potential in the residential property markets across VIC, NSW, QLD and SA.
The Bayside property market experienced a downturn over the past 12 months with a decrease in sales and median price. However, the Bayside market hasn’t been hit as hard as across Melbourne and the wider state, with many homeowners still wanting to upgrade to a better home. At end-June 2019, there were 1,164 Bayside area ...[read more]