3 Florence Avenue, Clayton, Vic 3168

While the home has clearly seen better days, its position and generous block size ensure it will have wide appeal as a future development site. Set just metres away from the back gates of Monash University; any builder, investor or developer would recognise the value and demand for student accommodation in this area and with around 771sqm of land available and Residential 1 zoning, there is potential here for 3 or 4 units/townhouses. (All options are subject to council application and approval). The existing home has short term rental potential and features; 4 bedrooms, an L-shaped living/dining area with gas heater, electric equipped kitchen, separate shower, bathroom and toilet, plus ample off-street parking. Aside from the University, you can also access buses, Clayton Shopping Village and trains with ease; making this a brilliant investment in your long term future.
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