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Overview
Prime Development Opportunity In Mount Eliza's Golden Mile
This property represents a prime development opportunity located in one of Mount Eliza's most prestigious areas, known as the Golden Mile. It offers a rare chance to acquire a significant parcel of land in a highly sought-after enclave, providing a versatile canvas for various ambitions.
Whether you are looking to establish a landmark family residence, invest with potential for future development, or create a peaceful garden retreat, this property at 4 Penny Lane is abundant with possibilities. The expansive land size of 3,189 square meters allows for substantial development or landscaping options, catering to a range of lifestyle and investment goals.
The existing home features four bedrooms, providing ample accommodation for a family or guests. There are two bathrooms, designed to meet the needs of modern living, and two parking spaces, ensuring convenience for residents and visitors alike.
Situated in Mount Eliza, a suburb known for its natural beauty, community atmosphere, and proximity to amenities, this property offers a unique blend of tranquility and accessibility. The location within the Golden Mile further enhances its appeal, as this area is renowned for its exclusivity and prestige.
Potential buyers can explore various development opportunities, whether it be renovating the current residence, subdividing the land subject to council approval, or constructing a new home tailored to personal preferences. The generous land size and prime location make this an exceptional offering in the Mount Eliza market.
Overall, 4 Penny Lane presents a compelling proposition for those seeking a significant property with development upside in a highly desirable location. Its combination of size, location, and potential makes it a standout opportunity for discerning buyers.
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.
Location
Mount Eliza VIC 3930
Market Insights for Mount Eliza VIC 3930
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.
