19 Spenser Street

**Plans for dual, luxury townhouses ALREADY DONE with beach views - knock down and start, renovate the current home or land bank. Endless opportunities!** The value at 19 Spenser Street starts with a combination that is increasingly difficult to secure: less than 10km from Melbourne's CBD, directly opposite Peanut Farm Reserve and just a five-minute walk to St Kilda Beach. Set in a no-through street away from the noise and exposure of Marine Parade, it gives buyers the double lifestyle advantage of parkland in front and the foreshore down the road, with cafés, shops, Woolworths and trams all within walking distance. The existing home gives the site more than land value. A solid brick, double-fronted period residence with red brickwork, a wide verandah, decorative timber fretwork and high ceilings, it has the character and proportions to support a genuine renovation or extension. Four bedrooms, two bathrooms, generous living spaces and a deep rear garden give buyers a strong starting point if they want to restore, lease or hold. For those looking further ahead, plans for two contemporary four-bedroom, three-bathroom townhouses have already been prepared. The proposed residences have been designed around the site's strongest assets, with reverse living to capture the park outlook and roof deck elements taking advantage of the beachside position. Whether renovated, held or developed, this is a property underpinned by the kind of location that continues to drive demand: beach in minutes, parkland in front and everyday St Kilda amenity on foot. Property Features Currently returning $4,128 per calendar month, equating to approximately $49,536 per annum, with an extremely low vacancy rate. Beachside landholding: Approximately 443sqm in a position only 450m from St Kilda Beach. Park-front setting: Directly opposite Peanut Farm Reserve, adding outlook, openness and lifestyle appeal. Quiet street advantage: No-through street position away from the constant movement of Marine Parade. Existing period home: Solid brick, double-fronted residence with red brickwork, decorative timber fretwork, high ceilings and strong street presence. Renovation and extension appeal: Four bedrooms, two bathrooms, generous living spaces and a deep rear garden provide a strong starting point. Dual townhouse pathway: Plans for two contemporary residences, with reverse living, a lift and a roof deck offering beach views. Multiple outcomes: Renovate, extend, lease, hold or pursue the approved townhouse direction. Location Highlights Directly opposite Peanut Farm Reserve 2 min walk to Woolworths St Kilda (270m) 5 min walk to St Kilda Beach (450m) Easy access to trams and public transport Near Luna Park, St Kilda Marina and local parkland A beachside period home with parkland in front, character to work with and a future already in place. Photo ID required at all open for inspections. Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist