14 Home Street
Bayswater North, VIC 3153

This property is a standout opportunity that will attract renovators, investors, and developers alike. It features a spacious four-bedroom weatherboard house situated on an impressive, level allotment of approximately 987 square meters.

The Developer Advantage (Federal Budget Exempt)

Following recent changes in the Federal Budget, established investment properties have lost their traditional negative gearing benefits. However, new builds that create a net housing supply increase are exempt from these restrictions, offering a significant advantage to developers and investors.

Utilizing this generous 987 square meter block, there is potential to build a multi-unit project (subject to council approval), allowing future buyers to retain full negative gearing benefits. This makes the property highly attractive for redevelopment or subdivision.

The existing home boasts a single-level floor plan and has been extended from its original design. It comprises four bedrooms with built-in robes, a central bathroom, two toilets, an original gas-appointed kitchen, and a versatile living and dining area. Additional features include sash windows, decorative cornices, hardwood floors, and an open fireplace, complemented by a central gas ducted heating system and a garage/workshop.

Explore the potential of this brilliant property for renovation, extension, replacement, or subdivision (subject to council approval). Its location is tucked away in a quiet no-through street, just minutes from local parks, schools, shopping hubs, and easy access to EastLink.

The location offers convenient access to Tinternvale Primary School, Croydon Special Developmental School, Tintern Schools, Heathmont East Primary School, Eastwood Primary School, Dorset Primary School, Bayswater Secondary College, Bayswater North Primary School, Sacred Heart School, Maroondah Secondary College, Bayswater Primary School, Croydon Community School, Aquinas College, Ringwood Secondary College, Croydon West Primary School, Great Ryrie Primary School, Our Lady of Lourdes School, Boronia Heights Primary School, Our Lady of Perpetual Help School, Ruskin Park Primary School, Bayswater West Primary School, Yarra Valley Grammar, Kalinda Primary School, Mullum Primary School, Bayswater South Primary School, Croydon Secondary College, Norwood Secondary College, Marlborough Primary School, Heathmont College, and Wantirna Heights School.

The floorplan, room measurements, and land size are approximate. Prospective buyers should conduct their own due diligence regarding the property and its features.