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House for Sale in Kilburn
A builder's dream with immediate rental income potential
- 5 Beds
- 2 Baths
- 1 Car
Jessica Earle and Ray White St Peters are proud to present an extraordinary opportunity for ambitious developers, builders, and forward-thinking land bankers in a highly sought-after pocket of Kilburn.
Positioned on a substantial 636sqm allotment with a generous 203sqm building area, this five-bedroom, two-bathroom residence offers a unique opportunity for families, investors and developers alike.
A key feature of the existing home is its flexible configuration, with two kitchens and separate rear access, allowing the property to accommodate two separate tenancies. The home was previously leased to two tenants, generating a combined rental income of approximately $700 per week, providing an attractive income opportunity from the outset.
Beyond the existing residence, the substantial allotment presents exciting future potential. One of the standout opportunities is the ability to retain the existing home while exploring the potential to build at the rear, offering buyers the prospect of generating income from the current dwelling while considering the site's longer-term possibilities, subject to the necessary planning and council consents.
Located within an area experiencing strong development activity, the combination of land size, existing rental configuration and future development potential makes this an appealing proposition for investors and developers looking to maximise the property's potential
Importantly, proposed plans have been prepared and are available for consideration, highlighting the potential of the property and providing purchasers with a clear vision of what could be achieved. The plans showcase the development potential of the site and further reinforce the opportunity this substantial parcel of land presents. With the surrounding area continuing to see significant development and transformation, 94 Marmion Avenue represents an opportunity to secure a sizeable allotment in a location that is ripe for development.
Whether you're looking for a spacious family home to enjoy today, a strategic investment for the future, or a site with the potential to unlock significant development value, this property is worthy of your attention. Additional features include open parking and a range of supporting plans, diagrams and site information to assist in understanding the property's potential.
Ray White St Peters RLA328740
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
203m²
636m² / 0.16 acres
1 off street park
5
2
Agents
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