On a corner block of 660sqm this blue chip property has the potential to be developed as a multi unit site (S.T.C.A). With room for up to four dwellings it is certainly a smart investment. Currently the existing house is privately leased as student accommodation and is returning up to $3,200 pcm when full.

It comprises of three original bedrooms, updated bathroom with sep toilet, updated kitchen with room for meals and lounge plus ducted evaporative cooling and ducted gas heating. Outside the garage has been converted to a home theatre, there is a pergola and a double carport for off street parking.

The coveted position can’t be beat, being only moments away from Springvale Central, Coles Supermarket, the new Homemaker Centre on Princes Hwy being opened late 2011 and public transport. Start looking long term and reap the rewards!