46 Kolora Crescent, Mount Eliza, Vic 3930

A distinctive home on an extraordinary allotment, with over 1500m2 (approx.) grounds spilling down to the native bushland of Earimil Creek, this two-storey residence offers exceptional position and exciting space for renovators or developers looking to cash in on the booming Mt Eliza market.

Currently site to a stately three bedroom Tudor-style home with self-contained one bedroom apartment, the circa 1970s residence awaits the next chapter, with an abundance of options to choose from.

Grand and enchanting with soaring cathedral ceilings, two living areas, a den/study, two bathrooms and two alfresco decks in the main residence, the structure is there for a full refurbishment to restore the residence to its former glory, with the added bonus of a comfortable guest apartment to reside in while renovations are underway.

Alternatively, this 1524sq.m (approx.) blue chip site overlooking the beautiful bushland reserve also bestows the most idyllic location for a luxury new build with room to construct two contemporary homes or townhouses (STCA) for potential returns that could see the mortgage paying itself off.

A few minutes’ drive to Mt Eliza Village and beach and mere footsteps to The Peninsula School and Mt Eliza Primary School, the property includes a weatherboard shed and double lock-up garage/workshop.

Photo ID required at this Open for Inspection.