18 Hazel Road, Wendouree, Vic 3355

OPPORTUNITY TO ADD VALUE & GROW YOUR PORTFOLIO

$310,000 — $340,000

Description

Phone Enquiry ID: 224970

This cute 3 bedroom 2 toilet home is currently under renovation, It has a planning permit granted by council to subdivide and is subject to registration of the plan of subdivision once the land surveyor is engaged to complete the plans. Lot 1 will become 360m2 & Lot 2 will be 300m2 more or less.

The existing house is built on concrete stumps. It has works to complete interior and exterior, but worth the effort.

The suburb of Wendouree is in growth mode with new homes popping up all over. There are plenty of nearby amenities such as Stockland Shopping Centre, Aldi Supermarket, Schools, Servo's, VIC Roads, Ambulance, Medical Services, Fire Service, Train Station, Scenic Wendouree Lake & Freeway. Melbourne City is approx 1 hour 20 mins drive.

Due to other commitments the owners have decided to sell the property which opens opportunity for an astute property buyer.

Henceforth, the owners will consider granting the purchaser access to the property via a Licence Agreement to enable completing the reno works (mainly cosmetic) to assist in a bank valuation, if required, to satisfy bank lending requirements and the possibility of continued occupancy until the subdivision has registered..

Lot 2 will be marketed for sale in the price range circa $165K -$180K

There is also the possibility to negotiate taking on the subdivision project.

Looking to Sell Your Own Property?

In Australia, there is no requirement to use a real estate agent to sell a property. Selling yourself is legal and does not require any specific license.

By selling yourself, you can save a significant amount of money on agency commissions.

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