125 Rail Street

Heathcote Junction VIC 3758

Perfectly positioned in a sought-after location, this expansive 2,103 sqm property presents an incredible opportunity for renovators, builders, investors, or those wanting a prime block close to town conveniences. The early-1900s two-bedroom, one-bathroom cottage sits proudly at the front, showcasing charming original features including timber floorboards, soaring 10-foot ceilings, double-glazed windows, a cosy lounge with wood heater, and a kitchen with open fireplace. Solar panels and a single carport are already in place.The cottage is in very poor condition, requires restumping, and has visible previous termite damage, offering the choice to undertake a full renovation or demolish and build your dream residence (STCA).Adding exceptional value is the separate two-bedroom, one-bathroom unit at the rear, currently leased to a long-term tenant at $250 per week (lease expiry 8/26). This unit includes split-system heating and cooling, front verandah, carport, and provides an immediate income stream.Magnificent established gardens surround the property, with full fencing and a 5m x 7m shed included.Located just a 2-minute walk to the train station (approx. 50 minutes to the Melbourne CBD), and only a 5-minute drive to local schools and the shopping centre, this is a unique chance to secure a large parcel in a premium position with endless potential: build new, renovate the original home, or enjoy dual rental.Please contact Gavin Henderson on 0408 359 764 if you have any queries.