FOR SALE
$800,000 - $880,000

1 Glendale Grove
Mccrae VIC 3938

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 898m2
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MULTIPLE DWELLING CORNER BLOCK WITH UNLIMITED POTENTIAL

For developers and investors with a keen eye for transformation, take this 898sqm blank canvas and realise your real estate dreams.
Subject to council approval, the extra-large allotment has the potential to be subdivided into multiple dwellings including three separate titles.
With a captive market for high-end coastal homes, take full advantage of the quiet location and tranquil surrounds, including walking distance to the foreshore, McCrae Lighthouse and McCrae Plaza Shopping Centre.
Plenty of north-facing light and a sun-soaked veranda, the home itself could be rented easily in the short-term while you await subdivision approval.
The layout comprises an expansive living/dining area and a well-maintained kitchen as well as two spacious bedrooms that both come with built-in robes and share a bathroom/integrated laundry.
Other highlights include split-system heating/cooling, slow combustion wood heater and a large garage/shed.
Rare development opportunity, competitively priced and so well located, 1 Glendale Grove is the right block at the right time.
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Property Details for 1 Glendale Gr, Mccrae

1 Glendale Gr, Mccrae is a 3 bedroom, 1 bathroom House. The property has a land size of 898m2. The place is currently for sale with Ray White Rosebud.

Building Type
House
Land Size
898m2

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About Mccrae 3938

The size of Mccrae is approximately 4.3 square kilometres. It has 8 parks covering nearly 23.8% of total area. The population of Mccrae in 2011 was 2,543 people. By 2016 the population was 2,836 showing a population growth of 11.5% in the area during that time. The predominant age group in Mccrae is 60-69 years. Households in Mccrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mccrae work in a professional occupation. In 2011, 80.4% of the homes in Mccrae were owner-occupied compared with 77% in 2016.

Mccrae has 2,530 properties.

    There are currently 23 properties listed for sale, and 8 properties listed for rent in Mccrae on OnTheHouse. According to CoreLogic's data, 91 properties were sold in the past 12 months in Mccrae.

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    Rochelle Armitage
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    Ray White Rosebud
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