SOLD $677,000 BY JOE TORZILLO

Perfectly positioned on a 378m² (approx.) corner allotment, this unique property presents an outstanding opportunity for first-home buyers, investors, or developers alike. Located just moments from the vibrant Watsonia Road shopping precinct, train station, and bus services along Grimshaw Street, convenience is at your doorstep. Plus, with easy access to Greensborough Plaza and the upcoming North East Link, future growth is assured.

Retaining its original red brick charm, the home has been cleverly divided into two separate residences, each currently tenanted and generating a combined rental income of $2,713 per month. Ideal for those seeking a solid investment, the existing setup offers flexibility and strong returns. For those looking to occupy, the property provides exceptional accommodation, featuring 2 bedrooms, two bathrooms, two kitchens, and a lock up garage plus off street parking. Whether you choose to maintain its dual-income potential, renovate to occupy or explore development possibilities (STCA), this is a rare find in a highly sought-after location.

Land size: 378m2 approx
Deposit: 10% of the purchase price
Settlement preference: 30/60 days
Rental assessment: Currently leased at $2713 pcm

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

Loyola College Secondary 7-12 Catholic 0.38km
Watsonia Primary School Primary Prep-6 Government 0.42km
Watsonia North Primary School Primary Prep-6 Government 0.45km
St Mary's School Primary Prep-6 Catholic 0.67km
Greensborough Secondary College Secondary 7-12 Government 0.79km
Greensborough Primary School Primary Prep-6 Government 1.3km
Watsonia Heights Primary School Primary Prep-6 Government 2.0km
Bundoora Primary School Primary Prep-6 Government 2.0km
Parade College Secondary 7-12 Catholic 2.1km
Bundoora Secondary College Secondary 7-12 Government 2.1km
St Damian's School Primary Prep-6 Catholic 2.5km
Streeton Primary School Primary Prep-6 Government 2.5km
Macleod College Combined Prep-12 Government 2.7km
Apollo Parkways Primary School Primary Prep-6 Government 2.8km
Northside Christian College Combined Prep-12 Independent 2.8km
Montmorency Secondary College Secondary 7-12 Government 2.8km
Briar Hill Primary School Primary Prep-6 Government 2.8km
Ivanhoe Grammar School - University Campus Combined Independent 3.1km
Greenhills Primary School Primary Prep-6 Government 3.2km
Mill Park Primary School Primary Prep-6 Government 3.6km
Charles La Trobe P-12 College-Deaf Facility Combined Government 3.6km
Charles La Trobe P-12 College Combined Prep-12 Government 3.7km
Viewbank College Secondary 7-12 Government 4.3km
Mill Park Secondary College Secondary 7-12 Government 4.8km
St Helena Secondary College Secondary 7-12 Government 5.2km
Catholic Ladies' College Ltd Secondary 7-12 Catholic 5.2km
Reservoir High School Secondary 7-12 Government 5.3km

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.