This location has success and profit written all over it! With Monash University around the corner and a park across the road, it is one of the best development sites in Clayton. With around 701sqm (17.6m x 40m approx.) this flat corner block has a neat and tidy 3 bedroom weatherboard home on it, that can be rented out while you explore the property’s full potential. The burgeoning student rental market always demands housing within walking distance of the university and you could structure a project of units or apartments to provide the best chance of success in this stunning position (all proposals are subject to council approval). As well as the university, you can easily access buses and the Monash Freeway, trains and central Clayton shops all within minutes.
Options (STCA):

Keep renting to the current tenants for $1200 per month.
Keep the front house and build another house at the back.
Build three townhouses with their own driveway but No body corporate.
Build a block of apartments/flats.

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