40 Mitchell Street

Seaford VIC 3198

Secure a piece of prime real estate rarely offered beachside of Seaford, just a few minutes stroll away from the beautiful beach, pier, cafes, shops and train station. Set on a generous and flat 651sqm allotment (approx), this X-factor property offers unique secondary access at the rear, allowing fantastic development potential to subdivide and build a brand new home with its very own street frontage. Proposed plans (no permits) for a 3-bedroom, 2-bathroom townhouse fronting Myra Street on its own title makes moving forward a breeze for keen developers, ready to make the most of this unbeatable family locale. The existing 3-bedroom brick veneer home was built in the 1980s and features generous living areas with robed-bedrooms including the master bedroom with modernised ensuite and walk-in robe. There is plenty of potential to make use of the spacious layout and convert the study/dining room to a fourth bedroom. At the same time, a light-filled timber kitchen, refurbished bathrooms, polished timber floors, ducted gas heating, evaporative cooling, ducted vacuum, split system A/C, alarm system add to the instant allure. Outside, the driveway provides plenty of storage space for the caravan or boat, with a remote garage and workshop to the rear with extra storage room, while a north-facing undercover entertainment area is the perfect spot to unwind. ***Reap the rewards!***You do the math and your research but as a guide:- 40 Mitchell Street existing house on a subdivided half-block with basic modern improvements should sell for $670k - $700k.- The vacant land alone on Myra street with permits could get $350k- Or, to compare, new townhouses in the area have sold in the $800k -$900k range. *Subdivision is subject to council approval and above prices are an estimate only, based on current comparable sales in the area.