56-60 Racecourse Road, Riddells Creek, VIC 3431

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Auction

$1,750,000 - $1,850,000

Prime Residential Development Opportunity - 4030m2 approx.

PRIVATE INSPECTIONS AVAILABLECONTACT AGENT TO ARRANGE

• It is a condition of entering the property that you wear a face mask

• Patrons with an unknown vaccination status, may only inspect by private appointment

• Metro buyers are welcome to Regional Victoria

• Buyers must pre-register before attending any inspection

• Photo ID required for all inspections

• Please observe social distancing guidelines – 1.5m distance at all times

• Compulsory check in via the Service Victoria app is required

Close to a host of local amenities in the beautiful Riddells Creek, this three bedroom, two bathroom home on 4,030m2 (approx.) presents instant development appeal (STCA) with a wide 40m frontage, dual driveway access, and a large expansive flat, cleared land. Zoned General Residential and located within a 2 minute drive of Riddells Creek township, shops, cafes, train station and local schools, the property represents the best of strategic landholding with the location highly sought after by investors, homebuyers, and renters. Currently occupying the parcel is a three bedroom plus study, two bathroom home comprising lounge, dining, living, and updated kitchen/meals featuring stone waterfall benchtops, dishwasher, 600mm oven and 900mm gas cooktop. Modern fully-tiled bathroom with semi-frameless glass shower sets the standard for possible improvements to current accommodation, which presents a potential rental income of $550 – $600 per week, with excellent inclusions already in place – carport, wood fuel heater, ceiling fans, and 9m x 6m shed. Playing host to glorious walking tracks, bike trails and picnic spots, in a region known for its gourmet eateries and renowned wineries this is an idyllic example of the best rural lifestyle with every convenience and amenity at hand.

Call Amanda Burt on 0431 204 265 to register your interest.

Amanda rea.profile
Sales Consultant/Interior Designer

Got a property to sell? Contact us for a free Property Estimate

Property Info:
  • Property ID: L15301727
  • Property Type: House
  • Carports: 2
  • Land Area: 4030.0 sqm
We Know Your Area
R&H Suburb Profile: Riddells Creek

R&H Suburb Summary Houses
Number of sales 60
Average Price $933,208
Median Price $810,000
Median Rental Price $498 p.w.
Change in Rental Rate (5yr) 35 %
R&H Suburb Summary Units
Number of sales 5
Average Price $505,000
Median Rental Price $420 p.w.
Change in Rental Rate (5yr) 40 %
Riddells Creek, VIC - Median Trend
$810,000