$4,400,000 - $4,800,000
What a rare gem this is, ready for development vision – a sprawling homestead on a grand 5,393Sqm (approx.) allotment in the celebrated Winery Estate. Vermont Secondary College catchment (STSA), a 15min walk to shops, restaurants and transport connection at Vermont South’s vibrant activity hub are just some of the offerings.
With plans approved to add 3 new homes behind the existing residence – 4-bedroom single level designs with drainage and sewer works complete – there’s huge promise here for multi-unit development (STCA) catering to the growing demand from home buyers and downsizers in this esteemed pocket.
‘Glencor’ is one of the original acre-plus parcels in this heartland estate between Terrara and Hanover Rd – named after the Corrs family which founded one of Melbourne’s most respected law firms. The existing residence charms with all the character you’d expect of an historic property – elegant wraparound verandahs, lofty ceilings, and a big rambling floor plan with 4 living areas including a light-filled family room alongside a big modern kitchen. It’s a grand, comfortable setting with 4 bedrooms and 3 bathrooms including a palatial master suite with a hot tub and sauna, suitable to live in or lease out while you consider plans to transform this flat 1.3 acre property.
With double storey elevation, prospective new builds have the potential for sweeping views of The Dandenong Ranges (STCA) – adding to the allure for developers wanting to capitalize on this private cul de sac on the fringe of Terrara Park and the $10 million redevelopment of Morack Golf Course. The possibilities are endless, and open to a visionary buyer ready to sow the seeds for future growth in the heart of the suburbs.
Land Size: 5,393m² (approx.)
Terms: On Application