54 Stephenson Street

South Kingsville VIC 3015

Tucked away in one of the inner west's untapped pockets that is rapidly attracting a young and vibrant demographic of professionals and families lured by easy city or Westgate Freeway access and established amenities, this original post-war home is on a large allotment (670 sq m approx.), with GRZ1 zoning and a wide 18.3 metre frontage, that offers tempting options for investors or developers with generous, flexible settlement terms of 6 months or longer.
An ideal prospect for a stylish redevelopment of up to 3 townhouses (STCA) it offers equal appeal for long term investors ready to renovate and ride the wave of high rental demand in this niche, city-fringe suburb where median property prices have surged by between 10 - 13% in 2017 and average weekly rents have increased by up to 2.5% in the past 12 months.
Located within strolling distance from Vernon Street cafes, restaurants and village shops, a choice of primary schools, kinder and child care and lush parkland at Newport Lakes Park or Edwards Reserve, this property is walking distance to trains at Spotswood, moments to Williamstown Beach and easy Westgate Freeway access to Melbourne CBD and inner bayside suburbs such as Port Melbourne.