Property Highlights

Prime 574sqm land in Residential Growth Zone 2
Approved plans for four 2-bedroom townhouses
Existing brick home with open kitchen/meals area
Wide side drive with off-street parking
Large backyard and garage included
Close to shopping, trams, schools, and reserves

Overview

Set on the edge of Preston in one of Reservoir's most exciting growth corridors, this exceptional property comes with approved plans and permits to build four contemporary 2-bedroom townhouses, each with a dedicated study nook-perfectly positioned for developers, astute investors, or those with a vision to capitalise on strong market demand. Boasting a generous 574sqm (approx.) of prime land within the Residential Growth Zone 2 (RGZ2), the existing brick veneer home offers immediate comfort and rental potential, featuring two generously sized bedrooms, a central bathroom, a spacious lounge, and an open kitchen/meals area. A wide side drive provides ample off-street parking and leads to a large backyard and garage, enhancing the site's flexibility for future redevelopment or subdivision (STCA). Location is everything, and this one ticks all the boxes. You're just steps from Summerhill Shopping Centre, moments to Plenty Road trams, and a quick commute to La Trobe University, Northland Shopping Centre, and local schools and reserves.

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