261 North Road

Large development sites in established locations are becoming increasingly difficult to secure. Positioned just minutes from Albany's CBD on a substantial 1,773sqm Residential R25 allotment, this versatile property presents an outstanding opportunity to develop, subdivide, invest or land bank for the future. Whether your plans involve subdivision (subject to relevant approvals), constructing multiple dwellings or securing a sizeable landholding for the future, the property's Residential R25 zoning provides flexibility to explore a range of possibilities. With demand for well-located development sites remaining strong and opportunities of this scale becoming increasingly scarce, it represents an investment with both immediate usability and long-term potential. Adding flexibility to the opportunity is the existing three-bedroom, one-bathroom fibro and iron home. While being sold on an "as is" basis, the residence offers comfortable accommodation and could continue to be occupied or leased while future plans are developed. Inside, the home retains much of its original character, offering generous living spaces including a spacious lounge centred around a stone fireplace, a kitchen and meals area, plus a versatile office that could also serve as a smaller fourth bedroom, alongside the family bathroom and practical laundry. Beyond its development appeal, the property is exceptionally well set up for practical day-to-day use. Dual driveway access provides excellent vehicle movement across the site, while the large shed, covered carport and expansive open yard offer plenty of space for storage, trades, equipment or recreational vehicles. Whether you choose to utilise the existing improvements, lease the home while planning your next move or begin exploring the site's future potential, the property's versatility is one of its greatest strengths. Positioned only minutes from Albany's CBD, shopping centres, schools, sporting facilities, medical services and the coastline, the location further strengthens the property's appeal. Whether you're looking to unlock the site's development potential, secure a substantial landholding in a central location or invest with future possibilities in mind, opportunities offering this combination of size, zoning and convenience are becoming increasingly rare. What You Need To Know Approx. 1,773sqm Residential R25 allotment Development and subdivision potential (STCA) Original 1950s fibro and iron home Three bedrooms plus versatile office/fourth bedroom Spacious lounge with stone fireplace Large shed, covered carport and dual driveway access Excellent holding income or renovation potential while future plans are considered Minutes from Albany CBD, schools, shopping and beaches Being sold on an "as is" basis Council Rates: $2,346.62 Water Rates: $1,643.28