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Overview
Situated on a superb 1,182 square metre (approximate) allotment, this property offers an excellent opportunity for developers, investors, or families seeking spacious surroundings. The substantial land size makes it a prime candidate for multi-unit redevelopment, a proven profitable venture in the St Leonards area, subject to council approval.
The existing solid three-bedroom residence provides ample living space ideal for a larger family. It includes two generous living areas that open onto a bright rear deck and an alfresco area, perfect for entertaining and enjoying outdoor living.
The open-plan kitchen and dining area features original hardwood flooring, adding character and warmth to the home. The kitchen is well-equipped with a wall oven, electric cook-top, dishwasher, and abundant bench and cupboard space, facilitating ease for meal preparation and hosting guests.
Adjacent to the kitchen/dining area is the family room, which serves as the central hub of the home. Large windows fill the room with natural light, creating a bright and inviting atmosphere. This room extends to a sunroom at the rear of the home that overlooks the backyard, offering a tranquil spot to keep an eye on children playing or to simply relax.
The property's exterior boasts a large shed and ample space for storing boats or caravans. The expansive rear gardens not only contribute to the property's appeal but reinforce its potential for multi-unit development (STCA).
Local Market Insights
In St Leonards, Quiet Listings observed 62 new houses entering the market over the last 30 days, down from 94 during the previous 30-day period, with an average advertised asking price of $1,022,452. The property type mix of listed properties is predominantly Houses at 63%, followed by land (28%), and townhouses (6%). Neville Richards Real Estate is the only agency with property listings monitored during the period. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
St Leonards VIC 3223
Market Insights for St Leonards VIC 3223
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.
