5 Downing Street,
Oakleigh 3166, Victoria

Huge development opportunity!
This large 697sqm block presents a unique opportunity to create something truly special. With redevelopment potential for up to 11 metres in height, this property is perfectly positioned for a developer looking to construct new townhouses or apartments (STCA). It vaunts an exceptional, top-tier locale, promoting strong market interest.

A strong weatherboard exterior to the existing residence exudes character and charm, while the secure driveway and covered carport parking offer peace of mind. The 21m frontage is just the beginning, as the polished parquetry floors, high ceilings, timber-panelled and painted feature walls, and classic pendant and lantern lighting all add to the overall charm of the property.

Inside, the soft window furnishings provide ample natural light, while wall heaters ensure you'll be warm and comfortable during the cooler months. External sheds and a leafy backyard provide a great space for storage or outdoor activities.

The sunny, open kitchen boasts 50mm laminate counter tops, an extra-wide stainless steel sink with gooseneck mixer, loads of storage space, and an integrated study nook.

Three large bedrooms offer ample natural light and built-in storage, with bedroom three currently being utilised as a study. The master bedroom enjoys split system air conditioning and a private ensuite. Both bathrooms showcase original finishes, well-maintained, and showcase fully frameless showers, tiled niche inserts, timber-topped vanity units, and designer sink and tap ware.

With a relatively flat block, ideal for new construction, its uniform dimensions of approximately 21m x 33m provide a great canvas to work with.

This property is supremely located within moments walk from popular Oakleigh Central shopping mall, adjoining medical centres, and the local Anytime Fitness gym. You'll enjoy retail, dining, and cafes practically on your doorstep, while Oakleigh Primary School is an easy walk away. Parks and sporting fields are abundant, while Oakleigh Train Station is just a short 6 minutes walk. To those looking to buy and move in, rooftop solar panels will help keep energy costs down.

Boasting a potential-loaded block in a highly-desirable, premium location, this opportunity will not last.

Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist