18 Waverley Road, Chadstone VIC 3148

On a large 607sqm approx. corner block just moments from Holmesglen train station/TAFE and Australia's fashion capital - Chadstone Shopping Centre, this single level home is worth its weight in gold. A lucrative cashflow investment or redevelopment opportunity, it comes with a valuable permit to run a nine-bedroom rooming house.

With four bathrooms and a central kitchen, it can also serve as a student accommodation, conveniently placed half-way between Monash University and Deakin University.

Close to the Monash Freeway (Warrigal Rd entrance/exit) and across from the bus stop and the Homeplus Homemaker Centre featuring Bunnings, Officeworks and other large retailers, this land is ripe for redevelopment, with an opportunity to convert the site into a medical centre, childcare centre, or sought-after townhouses (STCA).