69 Lockwood Road

Kangaroo Flat VIC 3555

Set on a huge 1,615m² (approx) allotment in an ultra-convenient Kangaroo Flat location, this solid brick, one-owner home presents a rare and exciting opportunity for developers, investors and owner-occupiers alike. Positioned just a moments walk from the Kangaroo Flat shopping precinct, supermarkets, schools, public transport and everyday amenities, the location is definitely one that will always be in demand!

Immaculately maintained and built to last, the current residence is "as solid as they come" and offers the choice to comfortably live in or renovate, or alternatively remove and redevelop to fully capitalise on the generous landholding. With more than adequate space at the side of the home for a driveway to the rear, the property lends itself to a potential 3–4 unit development at the rear (STCA), meaning the scope here is undeniable.

The existing home retains all of its original charm and features, and is very liveable in its current form for owner occupiers until they decide to renovate – something that would clearly enhance the home for the future. For the investor, there is some work required to meet minimum standards legislation and compliance, but if completed, the rental return is estimated at approx. $580-$600 per week – a solid income whilst you obtain permits to subdivide and develop.