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Develop or LandbankOpportunity + Location!
- 3 Beds
- 2 Baths
- 1 Car
This 7312m2 parcel of land on the corner of Hilltop Crescent and Dixon Avenue, just minutes into Maleny township, is complete with a solid brick family home; zoned Low Density Residential, it has the potential to be subdivided into six blocks (subject to council approval).
The home itself is very comfortable and liveable, with three bedrooms, two bathrooms, separate living areas including lounge with open fireplace, sunroom, multipurpose room, and country-style kitchen with new dishwasher, oven and hotplate, single lock up garage and attached studio, plus shed/workshop with roller door.
Currently rented, the tenant is happy to stay on and extend lease - particularly viable option if buying to landbank; alternatively, live on-site whilst development is occurring. If developed, the configuration would likely be six blocks at approximately 1,200m2 each, with a market price expected of $300,000 for five blocks and $450,000 for house block.
Current home is connected to town water, but is on septic; council approval will require services. Sewerage is available at points downward from neighbouring block downhill, and sewerage is connected to blocks across the road in Hilltop Crescent.
With the same zoning as Maleny Glen, there is a very clear opportunity, with council approval, to create a boutique sub-development with attractive capital gain, when completed and sold. Developments of this size are well received by the market, with generous 1/4 acre sized blocks and close proximity to Maleny's town amenities.
The block is lush and fertile, with gentle undulation and moderate amounts of vegetation; the home is tucked away from the road, enjoying good privacy, and it is certainly a very pleasant place to live whilst contemplating or planning future uses.
Buyers looking for opportunity for assured capital gain within relatively short time frame, MUST talk to Agent today about 10 Hilltop Crescent.
- Development potential - 7312m2 parcel
- Solid 3-bedroom, 2-bathroom brick home
- Zoning allows for subdivision into 6 blocks
- Land bank for future, or develop (stca)
- Home currently rented generating income
- Would require sewerage connection
- Located just a few minutes' drive to town
- Viable investment if subdivided now or future!
7,312m² / 1.81 acres
1 garage space
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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