This property presents a remarkable opportunity for individuals eager to realise their dream home aspirations. Spanning an expansive 660m2, the land allocation surpasses that of most properties in Thornbury, particularly appealing to those inclined towards single-level constructions. While the site boasts a north/south orientation, adept architects can craft ingenious floorplans to harness abundant natural light within the home's rear.
Drawing inspiration from the neighbouring property, exemplified by the recent sale of 46 Speight Street in December 2022 for $2.445 million, showcases the potential for significant value appreciation. Renovated residences within this coveted locale have commanded sales exceeding $2.5 million, underscoring the allure of this area.
Moreover, its close proximity to schools and shopping enhances its desirability and convenience. However, it's prudent to conduct thorough due diligence to accurately ascertain building costs before embarking on a project of this magnitude.
Overall, while the initial cost may appear steep compared to unrenovated properties, the potential for a lucrative investment and the realization of a bespoke living space make this opportunity truly compelling.
- Large block potential to extend and build single level home
- Good pocket of Thornbury
- Good proximity to amenities
- South facing rear
- Cost of renovations and extension
- Land price a little high
Buyers Agent
