$160,000 Rental Income Corner Development Site

Unlock a rare opportunity with this versatile double brick property on a generous 672sqm (approx.) corner block in a quiet cul-de-sac. Ideal for investors or developers, it currently returns $2,700 per week ($140,400-$160,000 per year) through fully leased formal agreements - letting you earn income while you plan your next move.

The property hosts nine individual rooms. Upstairs features 7 with a shared bathroom, and a large kitchen/dining area with cooking appliances and laundry facilities. The entire lower level is a self-contained two-bedroom residence with living/dining, kitchen/laundry, and a bright bathroom - perfect for ongoing rental returns.

With low-maintenance outdoor spaces, alfresco access from some rooms, ample storage, double + single garage, and substantial onsite parking, the property is set for comfort and convenience.

Takeover ownership and decide your path:

-Continue the current arrangement and enjoy immediate income.

-Modify into a stylish family home.

-Clear the site and build up to three townhouses (STCA), with wide frontage and holding costs already covered by the existing rental income.

-Just moments to bus stops, Franks Café, Le Page Primary School, Cheltenham Secondary College, and Southland Shopping Centre - this sought-after location balances lifestyle, income, and future growth.

Property Details:

-Land: 672m² / 0.17 acres

-Parking: Double + single garage, plus 2 off-street spaces

PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections

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

Le Page Primary School Primary Prep-6 Government 0.20km
Cheltenham Secondary College Secondary 7-12 Government 0.47km
Cheltenham East Primary School Primary Prep-6 Government 0.85km
Kingston Heath Primary School Primary Prep-6 Government 1.1km
Our Lady of the Assumption School Primary Prep-6 Catholic 1.2km
Cheltenham Primary School Primary Prep-6 Government 1.7km
Southmoor Primary School Primary Prep-6 Government 2.1km
East Bentleigh Primary School Primary Prep-6 Government 2.6km
St Catherine's School Primary Prep-6 Catholic 2.6km
Mentone Park Primary School Primary Prep-6 Government 2.8km
Mentone Primary School Primary Prep-6 Government 2.8km
Mentone Girls Secondary College Secondary 7-12 Government 2.9km
St Patrick's School Primary Prep-6 Catholic 2.9km
Kilbreda College Secondary 7-12 Catholic 3.0km
Moorabbin Primary School Primary Prep-6 Government 3.1km
Tucker Road Bentleigh Primary School Primary Prep-6 Government 3.3km
Mentone Grammar School Combined Prep-12 Independent 3.4km
Beaumaris North Primary School Primary Prep-6 Government 3.4km
Bentleigh Secondary College Secondary 7-12 Government 3.4km
St Bede's College - Bentleigh East Campus Secondary Catholic 3.5km
Mentone Girls' Grammar School Combined Prep-12 Independent 3.6km
Christway College Combined Prep-12 Independent 3.7km
St Bede's College Secondary 7-12 Catholic 3.7km
Sandringham College Secondary 7-12 Government 4.0km
Beaumaris Secondary College Secondary 7-12 Government 4.1km
Parkdale Secondary College Secondary 7-12 Government 4.2km
Sandringham College-Bluff Road 7–8 Campus Secondary Government 4.2km
South Oakleigh College Secondary 7-12 Government 4.3km
Our Lady of the Sacred Heart College Secondary 7-12 Catholic 4.4km

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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