1165-1167 Malvern Road

Malvern VIC 3144

The property is currently occupied by a gracious, solid brick Edwardian family residence property offers developers or new home builders an exceptional opportunity to acquire an allotment with the many lifestyle benefits attributable to the Malvern Hill Village precinct; moments from the vibrant Malvern Road or Glenferrie Road shopping precincts, cafes and restaurants or tram services on both routes, Tooronga or Kooyong Stations plus quick access to some of Melbourne's finest schools or the CBD via CityLink or bike paths - all underpinning its value and brilliant location.

With a preferred northern rear aspect and rear lane access with OSP offering scope to use Council Approved Plans to extend the home if desired, to meet today's family expectations. Alternatively there is the potential to redevelop, building a luxurious new home or townhouse complex (STCA) capitalizing on potential capital gains prospects on this GRZ 1 zone. Privately and securely positioned behind a high front wall, the interior in very good condition features period attributes including leadlight glass, ceiling roses and Kauri Pine floors. The accommodation comprises four generous bedrooms, family bathroom, sitting room with a cosy OFP, stylish kitchen with Carrara marble bench-tops and Euro stainless steel appliances and laundry/bathroom leading to a large lower level family room opening to a central courtyard and sandstone paved terrace. Other features include ducted heating, R/C air-conditioner and former garage/storage. Buyers should note this home could be leased whilst plans and decisions are made on its future.