28 Timms Avenue, Croydon, Vic 3136

Set in a tree-lined quiet street on a huge 1028m2 (approx) allotment, this three bedroom timber home plus separate bungalow currently amass a combined income of $445 per week and includes permit to subdivide as well as endorsed plans and permits for building a single storey three bedroom home with double garage, at the rear of the existing home.


Boasting a northerly aspect and originally built in the 1940s, the front timber dwelling features a spacious lounge, 3 generous-sized bedrooms, built-in robes to master, functional country-style kitchen with upright gas stove and ample cupboards, family-sized bathroom and a spacious fireside lounge that opens out through French doors to a front porch relishing a tranquil outlook. Tasmanian Oak timber floors and decorative cornices add to the old-world charm, with added creature comforts such as gas ducted heating and water heating, carport, single garage, additional off-street parking and low maintenance rear yard.

The fully self-contained, Hardiplank one bedroom bungalow is situated on the proposed site for development and if removed, would make way for a spacious, architecturally designed 23 square home featuring three living areas, three robed bedrooms, two bathrooms, courtyard style garden, and double garage. An underground service pit for electricity has been installed (supply point for subdivision) by SP AusNet. Other preliminaries for the development include the following:- endorsed development plans, approved drainage and paving plans, formal plan of subdivision and subdivision layout, endorsed plans and permits to build the house and to subdivide, engineering reports, landscape plan, working drawings (elevations, floor plan, sections, site plan), energy rating, feature report, retain ER, star rating and soil report.

The location is ideal with an array of amenities close by; Ruskin Park Primary School, Kilsyth Secondary College, Kurrajong Reserve, Telebus as well as both Croydon and Mooroolbark shopping precincts and train stations.
Builders, developers, astute investors wanting properties to rent, or home purchasers - a rare opportunity has become available in the marketplace to secure this truly remarkable investment/development.