40 Catherine Avenue, Chelsea VIC 3196

Positioned in one of the best streets in Chelsea is this lovely 3 bedroom cottage. There are many options here which include the following:

Option 1 - Buy as your dream home:

- 3 bedrooms are generous in size, all light and sunny with garden outlooks
- Cozy formal lounge room
- Super modern kitchen includes stainless steel appliances - gas cook top, electric oven, dishwasher, breakfast bar and ample storage space
- Timber floors throughout
- Ducted heating
- Central bathroom - clean, light and bright
- Large rear yard is the perfect place for children to play or there is enough space for an extension and pool if you want your forever home

Option 2 - Develop (STCA):

- 638m2 (approximately) General Residential Zone - Schedule 2
- Potential for 2 side-by-side townhouses, (similar to next door)
- Recent sales for side by side townhouses indicate re sale of between $900,000 - $1,100,000 EACH for complete well built 3 bedroom townhouses. (Price will vary for quality of finishes and size of complete product. Consult with your agent when designing to maximize potential re sale)

Option 3 - Investment:

- Currently leased until May 2020 paying per $475 per week
- Immaculate tenants who really look after the home
- Future potential to develop or extend existing home (STCA)

Centrally located this divine home is walking distance to Chelsea Train Station, Chelsea Beach, shops, sporting grounds, Bicentennial Park, St Josephs & Chelsea Primary Schools. Here is an opportunity not to be missed. Call today to obtain your copy of the Section 32. Available to inspect through scheduled open for inspections.