31 Cambridge Way
Campbellfield, VIC 3061

Overview

Permit Approved Opportunity with Immediate Rental Return

Positioned in a quiet and well-established pocket of Campbellfield, this solid brick residence offers a strategic opportunity for first home buyers and developers alike, enhanced by an approved town planning permit already in place.

The existing home features a functional and light-filled layout with comfortable living zones, polished timber flooring, and a neat kitchen and bathroom. It is immediately liveable or leasable, providing a clear pathway for future improvement or redevelopment.

Currently tenanted at $1,999 per calendar month on a fixed lease until 31st August 2026, the property delivers an immediate income stream while future plans are considered or progressed.

The true value lies in the underlying potential. With planning approval secured, the property is primed for development, allowing buyers to fast-track their project and capitalise on the site without the uncertainty and delays typically associated with the planning process.

The outdoor space further enhances flexibility, catering to families requiring room to move, as well as buyers seeking scope to extend, rebuild, or execute the approved development outcome.

Conveniently located close to local shops, schools, and public transport, the property also benefits from easy access to major arterial roads, providing seamless connectivity to Broadmeadows, Fawkner, and the wider northern corridor.

This is a high-opportunity acquisition with immediate usability and clear upside, ideal for first home buyers entering the market or developers ready to deliver on an approved scheme.

• General features include air conditioning, bath, built-in robes, floorboards, internal laundry, secure parking, split system air conditioning and heating, and a workshop.
• Exterior and outdoor features include a balcony, fully fenced yard, garden, outdoor entertaining area, and a shed.

Location