DEVELOPMENT GOLD - MUST BE SOLD | 1004sqm FREEHOLD | INCOME + SERIOUS UPSIDE
90 Chelburn Crescent is one of those rare sites where the upside is immediate and undeniable.
Set on a substantial 1004sqm freehold section, this is a high-impact development play with holding income and clear future gains.
The front dwelling is fire-damaged beyond repair and cannot be rebuilt - meaning you've got a blank canvas at the front of the site. No delays, no guesswork - just clear space to execute your vision and maximise returns.
Privately positioned at the rear, 90A Chelburn Crescent is a legally consented, Healthy Homes compliant 3-bedroom home, currently returning $595 per week. This gives you instant cashflow while you plan, consent, and capitalise.
Alternatively, it's an ideal home to live in while you demolish, plan, and build the front dwelling!
Even better - concept plans are already in place for a 3-lot subdivision with two brand-new standalone homes, showcasing exactly what's possible here (subject to council approval).
This is the kind of site developers wait for - and regret missing.
Key Highlights:
• 1004sqm freehold landholding
• Fire-damaged front dwelling - cannot be rebuilt (clear development advantage)
• Rear 3-bedroom home returning $595/week
• Mixed Housing Urban zoning
• Concept plans for 3-lot subdivision + new standalone homes
• Services on-site (wastewater & stormwater)
• Proven rental history ($675/week previously at the front)
Develop. Land-bank. Profit.
The fundamentals are here - the rest is up to you.
Serious buyers will recognise the value immediately. Delays will cost you this one.
Contact Linh Yee today - opportunities like this don't wait.
