FOR SALE
$569,000 - $625,900

24 Lacebark Street
Doveton VIC 3177

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 579m2
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Endless Opportunities in a Prime Location

Nestled in a quiet and family-friendly street, this affordable property offers a fantastic opportunity within close proximity to Linden Place shopping strip, Minaret College, and Ilim College. Set on a level and rectangular 579m² (approx.) allotment, the site presents incredible redevelopment potential, subject to council approval, with multiple possibilities for future growth and value creation.
Redevelopment Potential:
Option 1: Retain the existing dwelling and develop a second dwelling on the site, as demonstrated by the dual occupancy at No. 26.
Option 2: Leverage the proposed architectural plans for constructing three brand-new dwellings on the complete site.
Option 3: Build a premium new home, similar to the development underway at the rear of No. 23 Waratah Street.
The existing home features a spacious lounge with polished floorboards, an adjoining kitchen equipped with a wall oven, gas hotplates, and modern tiling. Three generous bedrooms, a family bathroom, and a separate toilet are all accessible via a central hallway. The rear yard includes a garden shed and a large garage/workshop, offering practical storage and workspace options.
Currently tenanted at $330 per week on a periodic tenancy, the property provides an excellent buy-and-hold investment opportunity, with scope for future rent increases. With ducted heating and a wall air conditioner ensuring year-round comfort, and the ongoing transformation of the area, this property is set to benefit from significant future price appreciation. Don't miss this chance to secure an affordable, versatile investment or development opportunity in a thriving location-inspect today!
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Property Details for 24 Lacebark St, Doveton

24 Lacebark St, Doveton is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 579m2. The place is currently for sale with Zed Real Estate.

Building Type
House
Land Size
579m2

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About Doveton 3177

The size of Doveton is approximately 4.1 square kilometres. It has 22 parks covering nearly 19.2% of total area. The population of Doveton in 2011 was 8,404 people. By 2016 the population was 9,355 showing a population growth of 11.3% in the area during that time. The predominant age group in Doveton is 30-39 years. Households in Doveton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Doveton work in a trades occupation. In 2011, 58.3% of the homes in Doveton were owner-occupied compared with 54.1% in 2016.

Doveton has 4,768 properties. Over the last 5 years, Houses in Doveton have seen a 27.92% increase in median value, while Units have seen a 30.66% increase. As at 30 November 2024:

  • The median value for Houses in Doveton is $607,919 while the median value for Units is $530,097.
  • Houses have a median rent of $480 while Units have a median rent of $500.
There are currently 30 properties listed for sale, and 12 properties listed for rent in Doveton on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Doveton.

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Maseeh Nasheet
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Mohsen Jaffari
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Zed Real Estate
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