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Overview
Existing Home With Development Potential In A High Growth Pocket
Set on approximately 656 square meters, this original four-bedroom home presents an excellent opportunity for immediate rental income or as a holding investment while planning your next move. This property is ideal for investors, builders, or developers seeking versatile options from the outset.
The existing residence offers a practical layout with potential for renovation, leasing, or land banking while future development plans are considered, subject to council approval.
For developers, a significant opportunity exists to acquire the adjacent vacant site at 2 Primula Avenue. Combined, these properties form a substantial development site of approximately 1,356 square meters. Concept drawings have been prepared, illustrating the potential for eight double-storey townhouses, subject to council approval.
Large-scale sites of this nature in Brooklyn are increasingly rare, especially with existing concept plans that assist buyers in visualizing the end value and future possibilities.
The location is highly convenient, situated close to Brooklyn Primary School, local parks, Altona Gate Shopping Centre, and freeway access to the Melbourne CBD. Additionally, the vibrant lifestyle hubs of Yarraville and Altona are within easy reach, making this area attractive to both owner-occupiers and developers.
Buyers have the flexibility to purchase individually, develop jointly, or secure both properties to control a rare large-scale site in a suburb that continues to gain momentum and growth potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $820,000 - $860,000 | |
| $790,000 - $850,000 |
Location
Brooklyn VIC 3012
Market Insights for Brooklyn VIC 3012
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
