19 Loraine Avenue, Box Hill North VIC 3129

Every clever investor looks to secure all the elements for success. Here you have each and every one of them: a generous parcel of land at 906 (approx.) sqms, an existing double storey weatherboard with 6 bedrooms, 2 bathrooms, a back deck and semi circular driveway for several cars, and a magnificent location near Box Hill shops, restaurants, TAFE, tram and the Eastern freeway. Rent out the character home with its hardwood floors, high ceilings, spacious kitchen with freestanding cooker and Miele dishwasher, and two versatile levels (3 bed, 1 bath on each level) while you seek planning approval to build 2-3 stunning new townhouses (STCA) just like they've done at number 18 and 20 across the road. A near level block, an expansive empty backyard and a prize position that lets you walk to Koonung Secondary, Box Hill hospital, the train station and the city tram lets you dream big on this almost quarter acre site. This is an exciting chance to capitalise on Box Hill's booming demand for properties in a suburb that ranked in 2015 as one of Melbourne's hottest suburbs for price growth, recording an impressive 44.5 per cent 1-year growth (Source: Domain Group).