40 Matthieson Street, Highett, Vic 3190

A brilliant opportunity exists right here for the savvy investor. Tucked quietly away in this highly sought after pocket of Highett, this classic 50's residence on a prime allotment of flat land is ready to be developed, boasting plans and permits for two double storey townhouses (approx. 25 squares each).
The block is perfectly positioned - a five minute walk from the shops, services and transport hub that comprises Southland Shopping Centre, making it the dream destination for busy professionals, young families and downsizers alike. It's also close to several primary schools, within the Cheltenham Secondary College zone and just around the corner from Waves Leisure Centre and the playgrounds and recreational facilities of Highett Reserve.
Not just one for the developers, this property is also worth a look if you love to renovate. If you have an eye for value and a little creative flair, you'll recognise the existing dwelling's potential when it comes to adding an extension out the back or going up (subject to council approval).
The home currently offers three bedrooms, a spacious living room with gas heater, kitchen and meals, family room, bathroom, laundry and separate toilet. Outside there's a covered deck overlooking the rear garden and a brick double garage and ample off street parking.