38 Highfield Avenue, Mulgrave, Vic 3170

On around 714sqm approximately of land, this classic brick veneer home has been kept in very good condition throughout its life and offers its new owner the potential to renovate and modernize or explore the potential for a unit development (STCA). Currently tenanted, the home has a standing lease until January 2017 returning $18,764 p.a (approx) giving investors and developers instant returns. Fronted by a low brick fence and lovely garden, the home features a central hallway that is flanked by a generous lounge with a gas heater and an adjoining room that could double as the additional 3rd bedroom. There's also a central bathroom with an integrated meals area, as well as an extended family/rumpus room for more casual living, a family bathroom and separate toilet, while outside you find a single garage with remote door, plus a shed and a big yet easily maintained backyard. In a quiet pocket of Mulgrave the home has buses at the end of the street and you can easily access local schools, Monash University, Monash Freeway and shops at Brandon Park, Waverley Gardens and central Springvale in minutes.