40 Kauri Grove, Glen Waverley, Vic 3150

Ripe and ready for redevelopment (STCA), progress is already underway with plans submitted to build two double storey side by side townhouses on the flat 648sqms (approx.) block and its wide 19m (approx.) frontage.

Your income stream is assured with a tenanted 5-bed house plus a rear unit with 2 extra bedrooms, a 2nd kitchen and an upstairs rumpus with a balcony. 
With so many bedrooms, bathrooms and living areas, the sprawling property is suited to share house rental for multiple tenants including university students attending Monash and Deakin Universities.

The location's appeal is that it's close to the corner shop, Central Reserve and its park and playgrounds, the city to coast gateway of Monash Fwy and Eastlink and just a 5min drive to Brentwood Secondary College and The Glen.

A development project awaiting approval for permits puts you in a great position to reap the rewards of Glen Waverley's boom, with median house values at $1.752 and median units at just over $1million (Source: REIV Q2 2024) in the esteemed suburb.