55 Stephenson Street, Springvale VIC 3171

A large allotment of 710m2 (approx.), boasting a three bedroom weatherboard home plus a bonus rear bungalow is ready for the astute buyer. Situated in a convenient pocket of Springvale, both dwellings are separately tenanted and currently generate a monthly rent of $2390. A valuable property with endless possibilities, this slice of prime real estate will certainly attract wide interest.

Humble with floorboards throughout, the front weatherboard consists of 3 bedrooms, a modernised bathroom, open plan living and dining, an updated kitchen with large pantry and ample storage, adjoining meals area, and a convenient separate laundry.

The rear bungalow is comfortably sized and well-appointed for independent living. Comprising open plan living and dining, a robed bedroom with ensuite, full kitchen and laundry facility.

Prospective buyers can continue with leasing arrangements and enjoy stable rental income or knock down and rebuild their dream home. Alternatively, take advantage of the large block and explore a multi-site development (STCA).

Enjoying an enviable location close to Springvale Central, Glendale Reserve, quality schools including Minaret College and popular Homemaker Centre. Whether you choose to capitalise on this property through rental income, improvements or redevelopment, securing this property will generate great returns.