26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $1.750m
This big slightly sloping 1149m2 block has a 24m+ wide frontage and has been cleared of all problem vegetation, dwelling footings, etc.
It sits within a highly affluent suburb valued for its parklands, schools, and amenities. It comes with previously endorsed plans for 2 large bespoke houses. Take advantage of all the work that’s gone into these and lodge revised plans for two side-by-side detached mirrored houses.
There are plenty of quality, modern houses that have sold nearby for +/- $2.5m. Owner occupier demand for the envisioned product is very strong.
We had been negotiating the purchase of this property for a builder client, but his heart was really with another project that we ultimately secured off-market.
This is a ripping project for resale profits and/or long-term retention for capital appreciation. It will suit an experienced builder developer really well. It may well suit someone looking to build his/her own family home in a desirable location, while cashing in on some profits at the same time.
Tree-lined street close to the action in a quiet, leafy, family-focused and affluent suburb
Large 1149m2 rectangular vacant
N/A vacant block
$1.750m
circa $1.800m
Private Sale
9 months
N/A vacant block
N/A vacant block
House $1.510m | Unit $0.700m
7.1% p.a. over last 10 years
Lifestyle suburb, diverse and affluent population, proximity to activity centres
Clarity of planning through previous permit, long settlement, safe resale values
Two large, detached, street-facing houses
24 months from buy to sale
$3.935m
$4.800m
$0.865m
54%
22%
3.6%
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