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Overview
32 Dearborn Parade, Corio VIC 3214
Set on a generous 607 square meter block, 32 Dearborn Parade presents an exceptional opportunity for investors and developers seeking a property with significant future potential. The existing residence features three bedrooms and one bathroom, requiring considerable renovation and modernization. Despite this, the home offers a solid foundation for those looking to renovate, update, or generate rental income while planning their next steps.
The property's layout is practical, with living spaces that benefit from abundant natural light. Original floorboards add character and charm, ready to be restored to their former glory. The large, open backyard provides ample space and flexibility to reconfigure or rebuild, making the current dwelling suitable for value-add buyers and long-term investors aiming for growth.
What distinguishes this property is the active development progress in the area. The land size, positioning, and block shape are conducive to a future multi-unit development project, subject to council approval (STCA). This gives developers confidence in the layout and design possibilities.
Additionally, the location enhances the property's appeal, being close to local shops, public transport, schools, parks, and essential amenities. This proximity strengthens both rental demand and resale value, making it an attractive option for forward-thinking buyers.
Properties offering this level of upside—combining renovation potential, development scope, and ongoing plans—are increasingly rare in the market. 32 Dearborn Parade stands out as a prime opportunity for those looking to capitalize on future growth.
Features:
- Approximately 607 square meters of land
- Three bedrooms and one bathroom
- Close to numerous amenities
- Excellent development potential, subject to council approval (STCA)
Prospective purchasers are advised to conduct their own due diligence and verify all details independently. All stated dimensions and information are approximate and provided in good faith, but accuracy cannot be guaranteed.
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
Corio VIC 3214
Market Insights for Corio VIC 3214
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.
