62 Edinburgh Street, Clayton, Vic 3168

Located within walking distance to Clayton Train Station and the bustling Clayton shopping strip, 62 Edinburgh Street offers a rare opportunity for families, investors, and developers (STCA). Set on a substantial 997sqm (approx.) block, with an additional 282sqm (approx.) of land under a renewable five-year licence agreement, presenting immense potential for large-scale development (STCA).

The existing brick veneer home features 5 spacious bedrooms, 2 bathrooms and a double garage ideal for large families or those needing additional space. The home is equipped with ducted heating throughout, and the rear room benefits from split-system air conditioning for added comfort. 

As you look around the neighbourhood, the growth of new homes and townhouses highlights the area's rapid development and modernization. The prime GRZ3 zoning further enhances the property's potential for redevelopment, just as many others have done in this high-demand area. In addition, the New Suburban Rail Loop (SRL) is under construction, aiming to alleviate congestion and provide a reliable alternative to road travel. This project will introduce modern, high-frequency train services linking Clayton with neighbouring suburbs and key urban centres. The SRL also has powers to increase height restrictions in the area, with a draft plan to bring properties in the area up to 6 storeys high

Future homes built here will enjoy unbeatable convenience with easy access to Clayton shops, Monash University Clayton Campus, Monash Medical Centre, Children's Hospital, Victorian Heart Hospital and nearby Clayton and Huntingdale train stations. 

While awaiting council approval for plans and permits, the current single-level home is perfect for leasing out. It features light-filled living areas, a spacious kitchen with stainless steel appliances, a large master bedroom with a walk-in robe, ensuite, and study access, along with ducted heating, a recently repointed roof, hardwood timber floors, and fully insulated ceilings.

This is an exceptional development opportunity in a prime location. Don't miss your chance to capitalise on the size, zoning, and growth potential of this outstanding property!

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