21 Parnell Street, Cheltenham VIC 3192

Count the steps to the Secondary College. Tally up the blocks to Southland and the new station. Factor in the big rewards from this prime approx 784m2 land and add real value to your plans! Stretched out with great proportions (approx 16.9m x 45.7m), this versatile property has the added plus of a stylishly rendered brock home to rent or enjoy until it's time to develop (subject to Council Approval).

Ready to rent or enjoy with a vibrant stainless-steel appliance kitchen (with dishwasher and 900mm oven) and a stylish main bathroom (with separate WC), this renovated three bedroom, two bathroom home has nothing to spend until it's time for the next step -hardwood floors are already polished, robes are in each bedroom and ducted heating is supplemented by reverse-cycle air-conditioning. With a large undercover al fresco area and a sail-shaded lawn stepping out to a sparkling fully-fenced pool and plentiful parking including a double garage, you (or your tenant) can dive in and enjoy life in this high-amenity location for now.

Move in and relax, develop when ready, consider retaining an excellent existing tenant during planning. Add up the benefits in the land, location and lovely living of this Southland precinct property and maximise the value when you're ready!