36 Uganda Street

Burwood VIC 3125

This premium property boasts two well-maintained dwellings situated in an exceptional location, mere steps away from Deakin University, Presbyterian Ladies' College, Wattle Park, the golf course, and the picturesque Gardiners Creek Trail. The front dwelling, a charming original two-bedroom classic, offers a versatile layout with a study/third bedroom/sunroom, a bright lounge room, a spacious kitchen, ducted heating, and convenient off-street parking. In the rear of the property, you'll find a one-bedroom unit featuring an open living and meals area, a functional kitchen, and the added benefit of a garage.

This property currently serves as a smart investment, nestled on a single title encompassing approximately 576 square meters. Both homes are currently leased, generating a combined monthly income of $3,106/month(Unit 1 $1868/month; Unit 2 $1,238/month). Alternatively, you can continue to benefit from this lucrative cash flow while exploring the potential to develop a grand single residence or a set of luxurious townhouses (subject to council approval). This location is in close proximity to Wattle Park Primary School, Kingswood College, city-bound trams, and the golf course, making it a promising opportunity for the discerning investor or developer.

In summary, this property presents a unique and attractive proposition with two well-maintained homes on a generous 576-square-meter lot. Its prime location, near esteemed educational institutions, beautiful parklands, and essential amenities, combined with its rental income potential, make it an excellent investment or development opportunity.