9 Avenza Street Mentone
Two Homes; Many Options
Versatility comes to Avenza thanks to this potential-loaded opportunity on approximately 615 sqm! Offering two existing rentable properties, this supercharged proposition boasts a location just a walk to Thrift Park, transport & Mentone Racecourse Reserve, along with sought-after zoning for both Mentone Girls’ and Parkdale Secondary colleges.
A chance to reap a significant income, the current arrangement comprises a one-bedroom/one bathroom unit to the rear which offers a spacious living/dining zone, practical kitchen and both heater & A/C. Behind a fenced front lawn, the front property features warm hardwood floors and high ceilings along with a well-sized lounge and sunny meals area adjacent a bright kitchen - three bedrooms (one with robes), a central bathroom, separate WC, ducted heating, A/C & garage are also included.
And while the return is enticing enough for a tempting land-bank opportunity, there is also the option to clear the site and start again with either a family home of fabulous proportions or a contemporary multi-dwelling subdivision (STCA). Elite schooling options are close-by, whilst Mentone Park Primary School, the village & station plus of course sparkling beaches are also within easy reach.
For all enquiries please contact Andrew Plousi 0411 799 023 Hodges Mentone.
More about Mentone Real Estate
Mentone is one of the Melbourne’s more affordable bayside suburbs. But is it a good option for investors? Bordered by Black Rock, Parkdale, Cheltenham and Mordialloc, Mentone is a large suburb located in Melbourne’s south-east. In 2012, Mentone had a population of 12,458, according to the Australian Bureau of Statistics. The average monthly mortgage payment in 2011 was $2,171. The majority of the suburb’s homes are occupied by families, rather than lone occupants or house-sharers; in 2011, 64% of Mentone homes …
$800,000 - $850,000
Regarding 9 Avenza Street Mentone