57 Diane Crescent, Croydon, Vic 3136

With plans and permits approved to redevelop this sizable 979m2 block into three townhouses, consisting of 2 x 3 bedroom and 1 x 2 bedroom homes.

Located in what is considered a traditional family orientated street that’s close to schools including Manchester Primary School and Mooroolbark Heights Secondary College, as well as being just a short walk to central Mooroolbark, the proximity is perfect for families, professionals, first home buyers and downsizers who will eventually want to invest in one of the new homes.

Currently housing the block is a spotless three bedroom home with two spacious living areas, a large kitchen, ensuite and family bathroom, together with a rear pergola, double carport and split system air conditioning. You can expect a rent return of approx. $390pw while you get ready to transform this property and bring in into the 21st century.