55 Simpson Street

A rare Ardross site with genuine future flexibility, positioned within the Riseley Activity Centre Structure Plan (Precinct 4) and benefiting from District Centre R50 coding under the Structure Plan (subject to relevant approvals). This is the type of landholding that can suit multiple outcomes, from a premium residential townhouse development and potential subdivision scenario, through to broader mixed-use possibilities within the Activity Centre framework (all STCA/relevant approvals). Just as importantly, you're not forced into an immediate build. The existing residence is a substantial, 5-bedroom, 2-bathroom home that is immediately liveable and rentable, making it an ideal land banking proposition while plans are prepared. Timber flooring through the main dining area and plush carpets in the bedrooms, multiple living zones including a games room, and a large alfresco provide the fundamentals tenants and families value. The location underpins the strategy. Backing on to Riseley Square for dining and everyday services, with transport and walkability close by, the kind of amenity-driven setting that supports both strong rental demand today and end-value resilience tomorrow. You can refer to the City of Melville's Riseley Activity Centre Structure Plan for indicative future use cases and guidance (STCA / relevant approvals): https://www.melvillecity.com.au/planning-and-building/local-planning-strategy,-scheme-policies-and-plans/activity-centre-and-structure-plans/riseley-activity-centre A versatile development opportunity in one of Ardross's most strategically positioned pockets, with income now and options ahead.