38 Madeley Street, Ocean Grove VIC 3226

Conveniently located in the centre of town on a spacious, north facing allotment, this timeworn weatherboard cottage is ready for you to renovate it, bringing it back to its former glory (STCA), or take advantage of the planning permits presently in place for two, brand new contemporary town houses.
Currently with a full time tenant, the house is habitable as is with a working split level floor plan offering a north facing dining area, two spacious bedrooms with built in robes, bathroom/combined laundry and a quant living room with gas log fire and timber floors. A vast north facing deck is an ideal area to soak up some vitamin D listening to native birdlife, while a single carport is a welcomed asset to the property.
Should you choose to redevelop, you have the ownership and choice to sell both dwellings, live in one and offload the other or perhaps indulge in some rental income and lease both. An alternative could be to design your own townhouses using the existing sub-division permit (STCA). Whatever your thought process, inspection will get you itching to take on this exciting project.
Madeley Street is an acutely central location, boasting close proximity to local schools, childcare, sporting facilities and the bustling main shopping precinct. With an increasing demand for real estate in this section of town, opportunities such as these do not come up often and should be taken advantage of.

For further information and plans, please contact John Brodie.