For those with aspirations in real estate development, this property boasts a prime location just a stone throw away from Westfield Knox, with the shopping centre's business tower visible from the rear deck. Positioned officially at a mere 150 meters, a brisk 2-minute walk from the shopping centre, this classic 3-bedroom residence occupies a flat, rectangular 733 square meter (approx.) plot with a generously wide frontage, presenting an excellent opportunity for potential side-by-side or double-storey development of two new units (STCA).
The home showcases elegant, polished hardwood floors, efficient gas ducted heating, and a cozy open fireplace in the lounge. The spacious kitchen boasts a freestanding cooker, and the updated classic white bathroom adds a touch of modernity. The property also features a secured rear yard with a carport and garage.
Zoned as General Residential Schedule 2 (GRZ2), this exceptional location eagerly anticipates a fresh vision for the creation of brand-new dwellings, conveniently within walking distance of the shopping mall, the bustling restaurant strip on Burwood Highway, Knox Ozone, Wantirna South Primary School, St. Andrew's Christian College, primary bus routes, and Swinburne University. This is your opportunity to bring your development vision to life in this outstanding location.
The size of Wantirna South is approximately 14.1 square kilometres. It has 47 parks covering nearly 17.5% of total area. The population of Wantirna South in 2011 was 17,477 people. By 2016 the population was 19,288 showing a population growth of 10.4% in the area during that time. The predominant age group in Wantirna South is 50-59 years. Households in Wantirna South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wantirna South work in a professional occupation. In 2011, 79.4% of the homes in Wantirna South were owner-occupied compared with 75.3% in 2016.
Wantirna South has 9,643 properties. Over the last 5 years, Houses in Wantirna South have seen a 22.06% increase in median value, while Units have seen a 10.69% increase. As at 30 November 2024:
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