46 Rae Avenue, Edithvale VIC 3196

Positioned in one of the best streets in Edithvale is this delightful character brick home, which has a lot of potential. There are many options which include the following:
Option 1 - Buy as your dream home:
- 2 bedrooms both generous in size
- Formal dining or third bedroom
- Cozy formal lounge room
- Original vintage kitchen in good condition
- Central bathroom
- 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):
- 706m2 (approximately) General Residential Zone - Schedule 2
- Potential for 2 townhouses (similar to next door)
- Recent sales for 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: Dual Occupancy (STCA):
-Keep the front home, rent out or renovate
-Develop on the back

Option 4: Invest:
- Would rent for $350 - $370 per week approx in the current condition
Centrally located this divine home is walking distance to Edithvale Train Station, Edithvale Beach, shops, sporting grounds & Edithvale 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 or private appointment.