Whether you're looking to unlock the site's development potential now or secure it for the future, there is huge potential upside to retain the existing building with an underlying value in the 845 sqm land area and R60 zoning.
It offers the potential for a multi-unit development, with similar 4 unit projects already completed in the surrounding area.
The existing residence is a substantial two-storey home, originally built circa 1970, offering a large floorplan and solid foundations for those prepared to undertake a major renovation. For the right buyer, transforming the existing dwelling could prove a more cost-effective and faster alternative to building from scratch.
This solid home also lends itself to multi-generational living, with ample land available for future additions or ancillary accommodation (subject to approvals).
Positioned in a quiet street, the property enjoys an exceptional location just a few doors from Stanbury Park and within easy walking distance of Morley Galleria, the Galleria Bus Station and a wide range of shops, restaurants and everyday amenities.
Whether your vision is to renovate, redevelop or secure for the future this is a high-potential landholding .
Disclaimer: All information, descriptions and commentary are provided as a guide only. Development potential, zoning and subdivision outcomes remain subject to the relevant authority approvals. Buyers should make their own independent enquiries and rely on their own due diligence.
This property at 21 Stanbury Crescent, Morley is a five bedroom, two bathroom house listed for sale by Craig Boyanich and Mark Rayner at Rayner Real Estate.
For more information about Morley, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Morley profile page.
If you would like to get in touch with Craig Boyanich or Mark Rayner regarding 21 Stanbury Crescent, Morley, please call Craig on 0433 926 283 or call Mark on 0416 208 888, or contact the agent via email.
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