42 Derwent Drive, Long Gully VIC 3550

Are you looking for an opportunity to develop and grow your property investment portfolio? Considering doing a simple two lot subdivision (STCA) with some spec homes and retaining one for yourself and potentially holding or selling the other? Look no further, this property presents an exciting opportunity for those wanting to do just that. This property is not in livable condition, is completely burnt out on the inside and requires extensive works/knockdown.

You will notice that the original dwelling is quite depressed, so a development of a new dwelling (or two) would be beneficial for those in the market.

Situated within close proximity to local attractions and amenities such as Long Gully Reserve Playground, BMX Track, Community Garden, and primary schools it would be fair to say that this is an opportunity at an entry level price point that might be something you are interested in.

Current owner had intentions of completing this project themselves, however due to a change in circumstance, are now looking to offload for someone to reap the rewards.

That being said, if you are in the market for a titled block and looking to build a home for yourself, this also represents good value if looking to owner occupy.

Sound like something you might be interested in? Give the team a call today.