24-26 Waddell Road Drouin, VIC 3818

For the developer or astute investor, this property offers a wealth of opportunities.
Located in a leafy pocket amongst homes on large allotments, the substantial property has a semi-rural feel yet is only three kilometres from the central shopping hub, VLine station and less than five minutes drive to the freeway.
The existing residence is positioned towards the front of the level 2.69 hectare allotment (approximately 6.65 acres) with an approved planning permit for a large-lot subdivision at the rear, details as follows:
. Existing four bedroom residence on 4,001m2
. Block 2 - 4,001m2 corner allotment
. Block 3 - 4,073m2
. Block 4 - 12,569m2 (approx. 3.11 acres)
Nestled within a parklike setting of ornamental trees, the brick and tile home would benefit from a modern refurbishment, however, is comfortable to occupy.
A spacious layout includes the main bedroom with an ensuite and walk-in robe, two large living areas, functional kitchen, three secondary bedrooms with inbuilt robes, study or possible fifth bedroom, family bathroom, toilet and a laundry with generous storage.
There is also a double carport with direct entry to the laundry and a semi-covered paved patio, accessed from both living areas.
The kitchen has quality appliances comprising a gas cooktop, dual wall ovens, dishwasher and ample storage.
Underfloor heating and a 6kw solar unit are further features.
Additional improvements include a high clearance, three bay lock-up shed, partially open storage shed and an enclosed veggie garden with fruit trees.
A highly desirable location with low density development opportunities, this could be the unique investment project you have been looking for.