12 Glencoe Street, Kennington VIC 3550

Take advantage of our vendor's hard work, foresight and planning and step into a ready-made investment in a suburb city-fringe location.

Look past the modest three-bedroom home at 12 Glencoe Street and get excited for the future of this property, which comes with planning approval for an amazing contemporary five-townhouse development.

Designs are in place for three x three-bedroom homes and two x two-bedroom homes, all with ensuites and open-plan living.

The block is approximately 1600m2, which is almost unheard of this close to the city centre.

It's walking distance to St Theresa's Primary School and the Harry Trott Oval. Kennington's shopping centres, pubs, reservoir and parkland are all nearby, and it's within 2.5km of the CBD.

The older three-bedroom house is past its prime and will need to be removed to make way for the development, however it's currently let at $350 per week, meaning there's a tidy return while you finalise plans.