Watch Watch
Your home of Development Ready videos
Watch Watch
Back
Sold Check

40-42 Perkins Avenue, Bellfield, VIC, 3081

+2 Photos

40-42 Perkins Avenue, Bellfield, VIC, 3081

Bellfield

×
Sold Check
+4 Photos

40-42 Perkins Avenue, Bellfield, VIC, 3081

Bellfield

SOLD
40-42 Perkins Avenue, Bellfield, VIC, 3081

40-42 Perkins Avenue, Bellfield, VIC, 3081

Properties / Sold / Victoria / Bellfield
Development Potential
Property Type
Residential
Land Area
1,275 m² (*approx)
LGA
Banyule City
Selling Method
Private Sale: Contact Agent
Show All

DEVELOP ON A GRAND SCALE ON THE BEST BLOCK NORTH OF IVANHOE!

Let's declare it from the outset this is the development buy of the year!

Boasting concept drawings for a multi-apartment building (STCA) on a rare 1,275sqm (approx.) double block regarded as the best north of Ivanhoe, you'd be hard-pressed to find a better development site in a five-star location such as this (STCA).

Enjoying a favourable orientation for overshadowing and potential city views, it's the perfect site in so many ways. And when you factor in the dream location on the footsteps of 10 Hectares of green expanses in Ford Park which is undergoing significant funding and development. Across the road is Bellfield's exciting proposed community lifestyle precinct comprising of a multi-purpose community hub featuring a large commusnity garden, secure storage, BBQ facilities and play area, urban farm, retail shopping, parking and open spaces, you too will agree this is the buy of the year.

Two homes currently occupy both blocks and are currently generating a rental return of approximately $50,000 p/a, meaning you can generate a passive income whilst awaiting plans and permit approval from council or until you're ready to build.

An easy walk to multiple bus services and the Darebin Creek Trail and just minutes to Ivanhoe Shopping Strip, cafes, Restaurants, Heidelberg and Eaglemont train stations, the Heidelberg medical precinct, which includes both the Austin Repatriation Clinic and the Austin Hospital. It is also located within the Ivanhoe School zones and close to La Trobe University, it's every bit the opportunity of a lifetime

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Development Site Summary

Property Type
Residential
Land Area
1,275 m² (*approx)
Banyule City
Selling method
Private Sale: Contact Agent

Development Site Highlights

DEVELOP ON A GRAND SCALE ON THE BEST BLOCK NORTH OF IVANHOE!

Let's declare it from the outset this is the development buy of the year!

Boasting concept drawings for a multi-apartment building (STCA) on a rare 1,275sqm (approx.) double block regarded as the best north of Ivanhoe, you'd be hard-pressed to find a better development site in a five-star location such as this (STCA).

Enjoying a favourable orientation for overshadowing and potential city views, it's the perfect site in so many ways. And when you factor in the dream location on the footsteps of 10 Hectares of green expanses in Ford Park which is undergoing significant funding and development. Across the road is Bellfield's exciting proposed community lifestyle precinct comprising of a multi-purpose community hub featuring a large commusnity garden, secure storage, BBQ facilities and play area, urban farm, retail shopping, parking and open spaces, you too will agree this is the buy of the year.

Two homes currently occupy both blocks and are currently generating a rental return of approximately $50,000 p/a, meaning you can generate a passive income whilst awaiting plans and permit approval from council or until you're ready to build.

An easy walk to multiple bus services and the Darebin Creek Trail and just minutes to Ivanhoe Shopping Strip, cafes, Restaurants, Heidelberg and Eaglemont train stations, the Heidelberg medical precinct, which includes both the Austin Repatriation Clinic and the Austin Hospital. It is also located within the Ivanhoe School zones and close to La Trobe University, it's every bit the opportunity of a lifetime

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Finance Calculator

40-42 Perkins Avenue, Bellfield, VIC, 3081

Secure/no obligation

Step 1

Loan Variables

Adjust the inputs to explore your indicative finance options.

You can adjust the inputs below by tapping ‘Adjust Variable Inputs’.

Estimated Purchase Price: $x,xxx,xxx
What you intend to pay for the property
Your Contribution: $x,xxx,xxx
The amount you’re investing
LVR: $x,xxx,xxx
Loan to Value Ratio

Estimated Purchase Price:*

What you intend to pay for the property

$

Your Contribution:

The amount you’re investing

Min: 0% - Max: 90% of purchase price.

$

LVR:

Loan to Value Ratio

Min: 10% - Max: 100% of purchase price.

%

Loan Analysis

Estimated Purchase Price:
Your expected purchase price. Final lender valuation may differ and will affect LVR and borrowing.
$x,xxx,xxx
Your Contribution:
Your funds toward the purchase (savings/equity/gift). Does not include costs like duty, legals or LMI.
$xxx,xxx
Loan to Value Ratio:
Calculated as Loan ÷ Price. Guidance only. Lender policy caps vary by property type, location and borrower profile.
xx%
Loan Amount:
Estimated loan based on your inputs. Excludes fees, LMI and costs. Subject to credit assessment and valuation.
in full report
Interest Only: Monthly Repayments
Estimate using interest-only at 5.85% p.a. Excludes fees. Rates can change without notice.
in full report
Principal & Interest: Monthly Repayments
Estimate at 5.85% p.a. over 15 years, monthly compounding. Excludes fees/LMI. Rates may change.
in full report
Stamp Duty: victoria
Indicative rate for victoria. Concessions/exemptions (e.g., first home) may apply and change the amount.
in full report
Stamp Duty Cost:
Estimate only. Check SRO victoria for the latest rules and any concessions that may reduce this figure.
in full report

Property Location

One moment please.

Retrieving map...