This is Prime
This is a prime opportunity. On offer is a 685m2 (approx) block zoned LMR2/3 with no character controls but a character home that should renovate up a treat (we have not inspected internally) if you chose to go down this route. It also sits on 2 lots so offers the chance to demolish and build two new houses, subject to access constraints and growth to improve the numbers for this option. Our preferred development option, however, is for 4 townhouses, making the most of a likely opportunity to build to three storeys over half of the site. This option is showing just over 24% equity gain on a purchase of $1m.