69 Summerhill Road
Reservoir, VIC 3073

Overview

Growth Zone with city views!

This property offers a unique opportunity to collect rental income while planning your future on a prime 601 square meter parcel of land designated as Residential Growth Zone - Schedule 3. The land is perfectly positioned for future development, subject to council approval, making it an attractive prospect for investors, developers, or discerning buyers seeking potential growth.

Alternatively, homebuyers can capitalize on the elevated position of the site to design and build their dream home, enjoying stunning views of the city skyline. The generous land size provides ample space to create a comfortable and spacious residence tailored to personal preferences and lifestyle needs.

The property currently features four bedrooms, providing ample accommodation options for families or guests. There is one bathroom, designed to meet everyday needs efficiently. Parking is a significant advantage, with two carport spaces complemented by three additional off-street parking spots, accommodating multiple vehicles with ease.

Located in the vibrant suburb of Reservoir, this home benefits from proximity to local amenities, schools, parks, and transport links, enhancing convenience and lifestyle quality. The Residential Growth Zone status indicates potential for future development and increased property value, making this an excellent long-term investment.

Overall, this property combines immediate rental potential with exciting future development possibilities, set in a sought-after location with beautiful city views. It is well-suited for a variety of buyers, including investors looking for growth opportunities, developers seeking a promising site, or families desiring a spacious home in a thriving community.

Location