149 Cavanagh Street, Cheltenham VIC 3192

A broad corner block with wide appeal

Occupying a sought-after corner block of approximately 535sqm that dishes up a sundrenched northerly frontage to Bernard Street, this three-bedroom home presents an exciting range of options to explore.

Offering comfortable accommodation that includes a lounge and dining zone along with a practical kitchen and good-sized bedrooms, it also features a central bathroom with separate WC plus laundry and aircon.

And while it is perfectly functional and easily rentable, the real value is in the land and unrealised potential. Boasting rich hardwood floors and solid foundations, this could be an ideal opportunity to rejuvenate what is already here and then extend to the north, west or even upwards to provide modern spaces for your family.

Alternatively, you may prefer to clear the site for a contemporary new showpiece or instead pursue the opportunity offered by the dual frontage to craft a multi-dwelling subdivision (extension and development STCA).

Families love this part of town. There are local shops nearby, Southland down the road and Waves Leisure Centre readily on hand - buses out the front and the zoned secondary school opposite equals ultra-convenience for families.