32 Dearborn Parade, Corio VIC 3214

Set on a generous 607m² block, 32 Dearborn Parade offers an outstanding opportunity for investors and developers looking to secure a site with real future potential. The existing three-bedroom, one-bathroom home does require a fair amount of work throughout, but it provides a solid foundation for those wanting to renovate, modernise, or generate rental income while planning their next steps. The layout is practical; the living spaces are filled with natural light, and the original floorboards add character and charm ready to be restored. With a large, open backyard and plenty of scope to reconfigure or rebuild, the current dwelling suits both value-add buyers and long-term investors seeking growth.

What truly sets this property apart is the active development progress: plans and permits are currently in process for 4x units on the site, offering a substantial uplift and making this a rare turnkey development opportunity. The land size, positioning, and block shape all work in favor of a future multi-unit project, giving developers confidence in both layout and design potential (STCA). Combined with the property’s proximity to local shops, public transport, schools, parks, and essential amenities, the location further strengthens both rental appeal and resale attraction. Properties with this level of upside—renovation potential, development scope, and plans already underway—are becoming increasingly hard to secure, making 32 Dearborn Parade a stand-out option for forward-thinking buyers.

Features:
• 607m² approx.
• 3 bedrooms, 1 bathroom
• Plans & permits in progress for 4 units
• Close to many amenities
• Excellent development potential (STCA)

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.