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42 Derwent Drive,
Long Gully 3550, Victoria

3 bedrooms
1 bathroom
616m² land size
House

$165,000


Property details

CALLING ALL BUILDERS AND DEVELOPERS!

Are you looking for an opportunity to develop and grow your property investment portfolio? Considering doing a simple two lot subdivision (STCA) with some spec homes and retaining one for yourself and potentially holding or selling the other? Look no further, this property presents an exciting opportunity for those wanting to do just that. This property is not in livable condition, is completely burnt out on the inside and requires extensive works/knockdown.

You will notice that the original dwelling is quite depressed, so a development of a new dwelling (or two) would be beneficial for those in the market.

Situated within close proximity to local attractions and amenities such as Long Gully Reserve Playground, BMX Track, Community Garden, and primary schools it would be fair to say that this is an opportunity at an entry level price point that might be something you are interested in.

Current owner had intentions of completing this project themselves, however due to a change in circumstance, are now looking to offload for someone to reap the rewards.

That being said, if you are in the market for a titled block and looking to build a home for yourself, this also represents good value if looking to owner occupy.

Sound like something you might be interested in? Give the team a call today.

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.

Due diligence checklist for home and residential property buyers.


Explore the area


School catchments

  • Bendigo Primary School Primary Prep-6 Government 1.2km
  • Specimen Hill Primary School Primary Prep-6 Government 1.5km
  • St Peter's School Primary Prep-6 Catholic 1.7km
  • Lightning Reef Primary School Primary Prep-6 Government 1.9km
  • Girton Grammar School - Junior School Combined Independent 1.9km

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.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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