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  • 24 Neimur Avenue, DEER PARK, VIC 3023

24 Neimur Avenue, Deer Park, VIC 3023

  • 3 Bed
  • 1 Bath
  • 4garages

Sold

Auctioned for $705,000 on Jul 15, 2023

"TOP CLASS INVESTMENT OPPORTUNITY WITH ENDLESS POSSIBILITIES IN HIGH GROWTH ZONE - WITH PLANS FOR 5 DWELLINGS"

ON OFFER:

Nestled in one of the premium locations of Deer Park, here is opportunity to secure this prime real estate in high growth zone on a huge allotment of approx. 691m2. With already plans for 5 townhouses.

Comprising of Existing weatherboard home offering :

• Decent size 3 Bedrooms

• Spacious living area

• Kitchen equipped with Stainless Stael appliances overlooking meals area.

• Central bathroom

• Separate powder room and laundry room.

• Concreted driveway leading to 2 car lock up garage ideal for parking multiple vehicles.

• Huge backyard space perfect to build and subdivide.

• Located only minutes away from all the public amenities such as Deer Park shopping center, local shops and cafes, local schools, park lands, bus stops and Deer park train station.

With an easy access to all the major roads including western highway/ freeway and approx. 19km to Melbourne CBD. This is a rare opportunity for an astute buyer to secure this prime piece of real estate with enormous future potential. Currently rented for $310 per week.

THE POTENTIAL:

Huge potential with permission and plans for 5 Townhouses in this high growth zone. With the current residence leased, its perfect opportunity to buy now and subdivide up to 5 units/townhouses (STCA - Subject to council approval), which are once built either sell it for capital gains or lease it to make it a top class investment and reap the rewards later.

THE DEAL:

Onsite Auction on 15th July @12:00PM unless sold prior.

Terms: minimum 5% deposit with flexible settlement up to 90 days.

THE CONTACT:

KELVIN SINGH : 0433 801 097

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avatar Kelvin Singh
Kelvin Singh
Director/Licensed Estate Agent/Auctioneer
avatar Vladimir Orellana
Vladimir Orellana
Senior Sales Consultant/ Licensed Estate Agent

Got a property to sell? Contact us for a free Request Appraisal

Property Info:
  • Property ID: L23219279
  • Property Type:House
  • Garages:2
  • Open Parking:2
  • Land Area:691 sqm
We Know Your Area
R&H Suburb Profile: Deer Park
R&H Suburb SummaryHouses
Number of sales241
Average Price$657,932
Median Price$665,500
Median Rental Price$500 p.w.
Change in Rental Rate (5yr)35 %
R&H Suburb SummaryUnits
Number of sales47
Average Price$534,122
Median Price$510,000
Median Rental Price$450 p.w.
Change in Rental Rate (5yr)29 %
Median Trend - $665,500
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