This versatile Hamlyn Heights property presents a golden opportunity for a savvy buyer to snap up, unlock its vast potential and reap the benefits.
Ideally set on a Ballarat Road corner location, this property offers up a range of exciting options including,
1, Subject to council approval, the existing dwelling is perfectly suited to a buyer looking to set up a CLINIC such as medical, massage, dentistry, veterinary practice or a home-based business and captalise on the eye-catching exposure that the location provides excellent street exposure and land at the rear for potential off-street parking.
2. Live in the front home while you build a new dwelling at the rear (subject to council approval of course) and then either
2b. rent the front house out and pocket the cash or
2c. move in to the new home and sell the existing home,
2d. move in to the new dwelling and modernise the front home to keep or sell, or
2f. move into the new home and knock down the old one and build yoursel another new home.
WOW!!... so many options and a starting price in the low to mid $400's
Given the location, and proposed nearby development, this property’s current entry-level price is poised to rise and rise again in coming years as land sub divisions continue to be released in Geelong’s west and north west.
With new land releases traditionally being 350-450m2, this site would be considered large at approximately 543m2.
This block in Armstrong Creek will set you back $350,000 and no house to generate you an income and no potential to develop the site with these options.
The home itself has stood the test of time and is not to be underrated. It is the perfect property for a first home-buyer to cut their teeth in the market, or a buyer looking for an investment property. It consists of two bedrooms, a central bathroom, large lounge and dining area, and updated kitchen.
The home has been updated ready for new occupants, is constructed on stumps and therefore easily extended or renovate and located close to one of Geelong’s most sought after private schools Kardinia International College, Hamlyn Banks Primary just 2 mins away, William Parker Memorial Kindergarten and Western Heights Secondary College and has the convenience of the Vines Road shops nearby.
With such a high exposure site in an ever-popular area of Geelong, there are so many options on the table (subject to council planning and building approval)s;
- Buy to move in and enjoy the location while your property’s value organically grows.
- Set up your own clinic or home business with high exposure.
- Invest to rent the property out as a home or clinic.
Please note that all images depicting potential development options are just ideas for you to explore, they are not a guarantee that this layout is even possible.
At this price and with so much upside you won’t want to hesitate or you’ll miss out. For more information contact Wes Thornton as Real Estate Geelong on 0419 315 727.
All information offered by Real Estate Geelong is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Real Estate Geelong and its representatives pass on this information. Real Estate Geelong does not determine whether the information is accurate or not and as a prospective purchaser you are advised to make your own judgement and do your own due-diligence with respect to the information provided. Real estate Geelong will not be held liable for any loss resulting from any action or decision by you in reliance on the information supplied from Real Estate Geelong or its representatives. Use of such material is at your sole risk. All site plans and floor plans are simply ideas that maybe worth exploring, they do not represent in any way what development or investment potential this property has if you choose to buy it. Please obtain professional advice from town planners, designer, accountants, tax advisers, building surveyors and land surveyors to determine what is possible with this property.