1000 sqm Block with a 2 lot planning permit

Investor developers take note: this prime property offers immense potential. Set on a substantial 1000 sq.m block with rear lane access, this parcel comes with a planning permit for a 2-lot subdivision, providing lucrative development opportunities. Currently yielding returns of $450 per week, this renovated, charming Victorian-style home sits on approximately 1,000 sq.m and boasts a large backyard.
Ideally located close to the main shopping strip, local schools, and parks, this property ensures convenience and accessibility. The home features 3 bedrooms, each equipped with reverse-cycle units for year-round comfort. The main bedroom includes an ensuite, while a small laundry area leads to the main bathroom. The open-plan kitchen, equipped with a dishwasher and a 900mm gas cooktop, offers ample bench space, flowing seamlessly into the dining area and living room, which also has a reverse-cycle heating/cooling system. Additionally, there is a versatile space that can serve as a playroom or small home office.
The living area extends to a large covered deck, perfect for year-round entertaining, overlooking a spacious and well-maintained garden. This property's substantial backyard offers enormous potential for future development, making it an attractive option for investor developers.
Seize this opportunity to invest in a property with existing income and significant development potential in a desirable location.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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School catchments

Ararat Secondary College Secondary 7-12 Government 0.69km
Ararat Primary School Primary Prep-6 Government 0.99km
Marian College Secondary 7-12 Catholic 1.1km
St Mary's School Primary Prep-6 Catholic 1.2km
Ararat West Primary School Primary Prep-6 Government 1.6km
Ararat Secondary College-School Farm Campus Secondary Government 1.7km
Ararat North Primary School Primary Prep-6 Government 2.1km
Moyston Primary School Primary Prep-6 Government 14.2km
Maroona Primary School Primary Prep-6 Government 17.0km
Great Western Primary School Primary Prep-6 Government 17.1km
Buangor Primary School Primary Prep-6 Government 23.4km
Stawell Secondary College Secondary 7-12 Government 28.2km
Concongella Primary School Primary Prep-6 Government 28.4km
St Patrick's School Primary Prep-6 Catholic 28.5km
Stawell West Primary School Primary Prep-6 Government 28.6km
Stawell Primary School Primary Prep-6 Government 29.4km
Pomonal Primary School Primary Prep-6 Government 30.2km
Willaura Primary School Primary Prep-5 Government 32.8km
Landsborough Primary School Primary Prep-6 Government 36.6km
Beaufort Secondary College Secondary 7-12 Government 43.4km
Lake Bolac College Combined Prep-12 Government 48.5km
Brauer Secondary College-Dunkeld Annexe Secondary Government 64.0km
Maryborough Education Centre-Beckworth Campus Combined Government 75.7km
Maryborough Education Centre Combined Prep-12 Government 75.7km
Highview College Secondary 7-12 Independent 76.4km
Derrinallum P-12 College Combined Prep-12 Government 76.6km
St Arnaud Secondary College Secondary 7-12 Government 81.0km
Yuille Park Community College-Young Parents Campus Combined Government 83.1km
Yuille Park Community College Combined Prep-12 Government 83.1km
Yuille Park Community College-Yuille Campus Combined Government 83.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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