315 Midland Highway, Epsom VIC 3551

Original cream brick veneer home with shedding on 6.4 acres currently in one title, but can be subdivided either now or in the future.

Easily within the constraints of residential Epsom, this is a popular and rapidly expanding area. The lots created from the subdivision of the land will surely prove to be sought after, and quite valuable.

The property is zoned Low Density Residential, and the land is strategically positioned to subdivide through the use of existing road infrastructure along McPherson Street. Town services are already connected to the property. The existing neighbourhood character and services would support a case to maximise the number of permitted lots (STCA).

The 1960s home comprises three bedrooms, lounge, eat-in kitchen and outdoor entertaining. There's also a workshop with power and 12m x 8m four bay shed.

You could live comfortably in the house, or rent the property for around the high $200s per week while going through the permit and development process.