1 De Chene Parade

Raphael Houston proudly presents... Positioned only a few doors from Coburg Lake on a prized north-facing allotment, this tightly held property presents an outstanding opportunity for developers, builders, investors and landbankers seeking a substantial landholding in one of Coburg North's most highly regarded pockets. Offering exciting flexibility for the future, the site presents a range of potential development outcomes, including the opportunity to explore two side-by-side homes, either double-storey or single-storey, or alternatively a three or four-unit development positioned along a shared driveway, all subject to council approval. The flexibility of the site, combined with its orientation and highly sought-after location, makes this an increasingly rare opportunity for developers looking to deliver a quality residential project within walking distance of Coburg Lake. The existing double-fronted residence has been beautifully maintained and offers three spacious bedrooms, multiple living and dining areas, polished timber floors and a substantial kitchen with adjoining meals area. Comfortable and immediately liveable or rentable, the existing home provides the opportunity to generate rental income while plans and permits are explored, or alternatively offers owner-occupiers the flexibility to renovate, extend and create a substantial family home over time. Outside, the deep backyard, established gardens, garage and extensive off-street parking further highlight the scale and flexibility of the landholding. For developers and builders, the possibilities are exciting. Explore the potential for two side-by-side residences, with either single or double-storey designs, or consider a more traditional three or four-unit development with a shared driveway configuration (STCA). Alternatively, retain the existing residence, renovate or extend, or secure the property as a long-term landholding in a tightly held and increasingly difficult-to-replicate location. Only a few doors from Coburg Lake and moments from Edgars Creek parklands, the property offers easy access to walking trails, recreation facilities and open green space, while remaining conveniently close to Sydney Road, the Pentridge retail and dining precinct, local schools, transport and Batman Station. Whether your vision is to develop, build, invest, renovate or landbank, this is an opportunity defined by location, flexibility and long-term potential. Highlights : Prized north-facing allotment Only a few doors from Coburg Lake Outstanding opportunity for developers, builders, investors and landbankers Potential for two side-by-side homes, either single or double-storey (STCA) Potential for a three or four-unit development with shared driveway access (STCA) Multiple potential development configurations Existing three-bedroom double-fronted residence Multiple living and entertaining areas Comfortable to occupy or lease while exploring future plans and permits Deep backyard and established gardens Garage and extensive off-street parking Highly regarded Coburg North pocket Easy access to Coburg Lake and Edgars Creek parklands Close to Sydney Road, Pentridge, schools and public transport All property information has been provided to Ray White by third parties. While Ray White strives for accuracy, we have not verified this information and do not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding this property. Brought to you by Vendor Marketing - Melbourne's most qualified vendor advocates - vendormarketing.com.au