38 Grange Road, Alphington, VIC 3078

Once-in-a-generation development site in a blue ribbon Alphington locale

Spanning approximately 816sqm in a blue ribbon Alphington locale, this rare parcel of land with an existing California Bungalow presents an extraordinary development opportunity (STCA) with proven potential. The perfect convergence of development-ready land, government-backed expedited approval and immediate income potential, it offers vast scope for serious buyers: the discerning developer, strategic investor or visionary owner-occupier.

Previously approved for nine luxury apartments, this landholding provides developers with the option of leveraging government-accelerated approval processes designed to fast-track housing supply. Furthermore, it will deliver immediate rental yield for investors preferring to hold for capital growth while planning development. Finally, it will appeal to those seeking to secure an enduring Alphington lifestyle with the capacity for future wealth creation.

Boasting immediately comfortable interiors with retained character, the classic California Bungalow has a spacious living room with an open fireplace, dining room, neat gas kitchen with a 900mm oven and walk-in pantry, bright meals area, three king sized bedrooms with built-ins and an updated bathroom with a shower over a bath. Surrounded by mature gardens, the huge backyard incorporates a separate studio, storage shed and single garage accessed via the side driveway, which has room for further secure parking. Additionally, there is a second w/c, separate laundry, split system heating/cooling and original features including high ceilings, leadlight windows and floorboards throughout.

Just 6kms from Melbourne CBD, this unique property has bus transport at the door and is placed just a short stroll to Alphington station, cosmopolitan Fairfield Village, Darebin Parklands, Yarra River trails, premier golf courses, Alphington Grammar and Fairfield Primary School (zoned), and moments from the Eastern Freeway.

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