12 Ardlui Drive, Newtown VIC 3220

Set in an idyllic riverside pocket of Newtown, this unique property offers great investment options, or an opportunity for large or close knit extended family to co-inhabit in this leafy cul-de-sac
The main property comprises a character filled, 3 bedroom and study PLUS 2 self-contained, 2 bedroom units. Allotment of 883m2 with dual frontages; the home is accessed via Ardlui Drive and the units via Ballater Ave.
MAIN RESIDENCE
Recently updated throughout, the main home offers a warm and charming residence, with the indoors enjoying enviable garden views which invite you to enjoy the idyllic area.

The lounge is light-filled, yet cosy with built-in gas fire. French Provincial-style kitchen cabinetry offers fabulous storage, new stainless steel appliances including; a 900mm electric cooker with gas cook top, dishwasher and range hood. A sunny west facing balcony flows from the meals area, and offers magnificent views of the river and surrounding area. Master bedroom offers a walk-in robe and ensuite shower room. A further two bright and airy bedrooms have built-in robes and the study could alternatively be used as a nursery/4th bedroom. The main bathroom offers high-end comfort with porcelain tiles, bath and shower. The separate laundry and toilet complete the floor plan. A split system heat/cool services the dining and kitchen area.

A tandem garage with massive workshop and storeroom are tucked neatly under the house, offering the option to further enhance the size of the dwelling by renovating.

UNITS
The 2 bedroom brick units, which are currently tenanted, feature open living space with good parking bay.

There are multiple viable investment scenarios here; collect rent from all 3 dwellings, sub-divide the home and units (STCA) and sell individually, occupy the home and lease the units, or redevelop the site utilising both street frontages (STCA).


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This diverse property is particularly rare and presents as a great opportunity to capitalise in the sought-after Newtown market.