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UNIQUE opportunity for savvy investor in high-growth area

Newcomb, VIC 3219, Australia
Approximate location shown. Contact agent for exact address.
EOI
3 bed 1 bath 2 car604m²

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About this property

The phone enquiry code for this property is - 2824 Expressions of interest now open for a property in Newcomb that hits all the marks. At 604sqm the land layout is a ripe example to split into a two-lot subdivision, as supported by current COGG planning and pre-designation policies. Highly suitable for 2 stage development options, as the house dwelling also offers comfortable living. The 1950's era cottage has benefitted from recent upgrades to kitchen, main bathroom, additional powder/ensuite completed and brand new split system added since last changing hands on the market in 2023. Currently occupied with tenant, lease agreement till January 2027. Option for potential investor to release or extend tenant by arrangement. Long settlement periods up to 90 days available by request.

Property Features

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    Repayment calculator

    $3,054/month
    $1,527 /fortnight
    Loan $504,000 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$126,000
    Stamp duty$32,870
    Conveyancing (est.)$2,000
    Total upfront$160,870
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    1
    Parking
    2
    Land Area
    604m²
    Listed
    Today

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