Welcome to 29 Teleta Crescent, Corio — a rare opportunity for first home buyers, investors, and developers to secure a property with genuine upside in a rapidly growing location.
Set on a generous allotment, this property offers immediate comfort with incredible scope to add significant value over time. Whether you’re looking to renovate, extend, or redevelop (STCA), the possibilities here are endless.
Importantly, the property previously had plans and permits approved for four townhouses, presenting a fantastic head start for developers. There is also the opportunity to extend these permits for a further two years (STCA), allowing you to step straight into a project without starting from scratch.
Inside, the home features a practical layout with well-sized bedrooms, a light-filled living area, and a functional kitchen. The expansive backyard provides the perfect canvas for future improvements, whether that’s additional dwellings, a granny flat, or a complete redevelopment.
Located in a quiet, family-friendly pocket, you’re just moments from local schools, shopping centres, public transport, and have easy access to the Princes Highway—making commuting to Geelong CBD or Melbourne easy and convenient.
Key Features:
- Generous land size with strong development potential (STCA)
- Previously approved plans & permits for 4 townhouses
- Potential to extend permits for a further 2 years (STCA)
- Excellent opportunity to renovate and add value
- Spacious backyard with scope for further development
- Ideal for investors, developers, or savvy buyers
Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist. Disclaimer: All stated dimensions in the content and photos are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
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