OPPORTUNITIES FOR THE DEVELOPER OR FAMILY HOME BUYER
A unique opportunity awaits here; if you are a builder or developer looking for your next project, or you’re a family buyer looking for a renovation or maybe you have been waiting for that perfect opportunity to find a block of land to build your dream home, then read below some valuable options.
The Developer and Builder – The Entire Site $3,400,000 - $3,600,000
(Total Land 9,648m2 approx.)
The Vendor has subdivided the entire site into a 4-Lot subdivision with Lot 2 still comprising the existing dwelling. Unlike many sites, this project is ready to go with the Vendor completing all the services, in particular, Lot 3 and Lot 4 at the rear of the property.
In summary, the following is on offer:
Lot 1 – Vacant block of land at 2,002m2 (approx.) a desirable flat block which is highly unique;
Lot 2 - The existing dwelling residing on 2,477m2 (approx.) a desirable flat block which is highly unique;
Lot 3 (back left) – A fall on the block of 2,616m2 (approx.) with admirable Western Port extended views;
Lot 4 (back right) – A fall on the block of 2,553m2 (approx.) also with admirable Western Port extended views.
With a high-end custom-built home, the end sale price will sit circa $2,200,000 - $2,400,000. We have witnessed some strong sales in the Woodland Estate area of Mount Eliza area and additionally, Frankston South to verify these projected end sales.
The Renovator – Existing Dwelling $1,200,000 - $1,300,000
The Vendor will also look at selling the existing dwelling that resides on Lot 2 on a 2,477m2 (approx.) of flat usable land which is highly unique for the area. The existing dwelling was originally built in the mid 1960’s with some later modifications. A sizable 4-bedroom plus study family home with multiple living areas that flow to the outdoor entertaining area. Other features include ducted heating, 2x split systems and an in-ground swimming pool that needs full restoration. There is no doubt an investment into this home and the outside entertaining will be a fantastic proposition for the family buyer looking to purchase in Mount Eliza.
The Dream – The Land $900,000 - $990,000
If you are looking to secure a vacant block of land in Mount Eliza, the Vendor will also look to sell one block this financial year. With limited opportunities currently available to secure a prime piece of land in Mount Eliza, this is a great opportunity if you are looking to build out your dream home in such a quality location
Remember to mention you found this property on DevelopmentReady
