1/23 Tulip Grove, Cheltenham VIC 3192

Seldomly do we get the opportunity to present an opportunity so exciting to the Cheltenham market - one that's especially lucrative for young families hoping to get their foot in the door, those seeking a rewarding renovation project to sink their teeth into, home buyers or investors hunting property with genuine value in a super-centralised, convenient and highly sought-after location.

Set in the walk-to-anywhere ‘Pennydale' precinct of beautiful Cheltenham, within equal distance of Westfield Southland shops and Southland station, Cheltenham Park Reserve, Cheltenham station and Charman Road's popular latte strip. Walk to Sir William Fry Reserve and some of the world's most prestigious golf courses; just a few minutes drive from Mentone and Beaumaris' beautiful beaches, foreshores, the Bay Trail, and some of Melbourne's most elite private schools and colleges.

This mostly original but beautifully looked after 2-bedroom weatherboard home is spacious and filled with original decorative features. Set on 342sqm (approx.) at the front of only two and while absolutely able to accommodate from the day it becomes your very own, it's also ready for a loving hand to transform it into something special.

It's the investor's, renovator's or the new-home builder's dream-come-true - a doorway into this thriving bayside pocket, and an opportunity to add genuine value in your own stamp and style!

And there is plenty to love and salvage here, too. You'll appreciate the decorative period charm throughout, the two generous bedrooms, neat bathroom with bath/shower and the large separate laundry with a 2nd shower. Spacious lounge and dining, open kitchen and meals area with a truckload of storage, and lots of additional hallway space you could incorporate into extra floor space! Outside, there's a single carport, a small rear courtyard and a generous front yard to further enhance.

Whichever path you choose, the chance to snap up an affordable entry into this popular address are few and far between. Enjoy it for now and update in your own time, renovate now, wipe the slate clean and rebuild your dream home (STCA); or simply invest in this Pennydale address and watch your capital grow! Potential Rent: $380-$420 per week.

** Online bidding is available for this auction - it is via the GAVL app. If you are bidding, please contact Kevin or Nakita to discuss this once you have inspected the property. GAVL offers buyers the opportunity to watch and bid in real-time **

PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections