24A & 24B Norman Road, Croydon, Vic 3136

Occupying a huge ¼ acre (1001m2 approx.) block, this rustic-infused residence offers unique dual accommodation, currently leased at a combined $2433 per month and separately metered, not only does this property offer a sterling return, there's also potential to develop into a multiple-unit site being located within General Residential Zone - Schedule 1 (GRZ1).

Set behind a fence and boasting separate driveways with ample off-street parking, there's also an opportunity to renovate the home to maximise the return, in addition to the possibility of moving in and utilising the other accommodation for extra income, or the perfect in-laws/dependent living option.

24A offers two large bedrooms including a master with built-in robes, in addition to a functional bathroom and a combined lounge/dining with polished floors adjoining the fully-equipped kitchen featuring; Westinghouse electric wall oven, gas hotplate, dishwasher, as well as ample storage and bench space. Furthermore, the abode also impresses with gas ducted heating, separate laundry and covered patio overlooking the large backyard. High ceilings and sash windows throughout add yesteryear charm to both units.

24B welcomes you with a spacious lounge/dining featuring a gas wall heater and a separate kitchen comprising; gas cooker, ample cupboards and polished floorboards. The master bedroom enjoys triple built-in robes and full ensuite while the second bedroom contains a single built-in robe and could alternatively be appropriately used as a second living area or study. The home also compromises a separate laundry, carport, shed and large backyard.

Set within walking distance to Croydon Central, St. John's Kindergarten, Croydon Primary School, Melba College, Silcock Reserve with barbeque area and playground, as well as just a brief commute to Croydon Railway Station, The Good Shepherd Primary School, Yarra Valley Grammar and EastLink freeway.

Whether you're an investor in search of a solid long-term investment or developer/builder looking for their next project, this character weatherboard offers a lucrative future.