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83 Melvin Street, Beverly Hills NSW 2209

$1,680,000

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$1.68M - $1.76M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars

Listed: yesterday

Overview

This property at 83 Melvin Street in Beverly Hills presents a prime opportunity for developers, investors, and renovators seeking a well-positioned residence with notable development potential. The home is situated within the Low and Mid-Rise Housing area, which allows for exciting possibilities for redevelopment, subject to council approval and planning controls.

Boasting an impressive 18-metre frontage, the substantial street presence offers flexibility for a range of future options including renovation, rebuilding, or redevelopment (STCA). The three-bedroom house currently requires renovation, providing a blank canvas for buyers to tailor the property according to their vision and needs.

Its location is one of convenience and desirability, with a short walk to Beverly Hills Train Station and close proximity to shops, cafes, and a popular restaurant precinct. This ensures excellent accessibility and lifestyle convenience for potential occupants or future residents.

Strategically located in a low and mid-rise residential zone supporting redevelopment potential
Large 18-metre frontage enabling various enhancement or development options
Existing three-bedroom layout ideal for renovation or rebuild
Close to transport, dining, and retail amenities facilitating a comfortable lifestyle
Appeals to developers, investors, builders, and renovators seeking a strategic asset in a growing area

Overall, this property combines generous land frontage, favourable zoning, and a sought-after location, representing a rare chance to secure a valuable asset with multiple pathways to add value and capitalize on future growth within Beverly Hills. The choice between renovation, rebuilding, or redevelopment allows a wide spectrum of prospects tailored to investors’ or homeowners’ aspirations.

Note: Future development potential is contingent on council approval and planning regulations, and buyers should conduct their own due diligence.

Local Market Insights

In Beverly Hills, Quiet Listings observed 6 new houses entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $1,563,333. The property type mix of listed properties is predominantly Houses at 67%, followed by units (22%), and apartments (11%). The most active agency for houses in the Beverly Hills area is currently McGrath Estate Agents, representing 33% of new listings, followed by Realty Way with 33%. 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.