36&38 Ferntree Gully Road, Oakleigh East, VIC, 3166, Australia

Superbly spread over 1,070sqm (approx.) on a commanding corner allotment, these two family-sized homes are primed and prepared for a new lease of life. Independently titled, this is a rare opportunity. You could purchase one or both family homes, start again and build your own trophy home, or prepare the site for a design-driven, multi-level development (STCA).

Facing the pocket park and playground of Cheel Street Reserve, supercharge your imagination and consider the prospect of luxury townhouses, multiple units, an apartment complex or even medical suites. Build tall to maximise neighbouring parkland views, take full advantage of the north-facing frontage and customise every detail to meet your requirements (all STCA).

Whatever path you choose, there is plenty to work with here. Number 36 is a single-level 3 bedroom home featuring a living area, family room, a sparkling kitchen/meals area, a bathroom with a shower over the bath, outdoor entertaining space, a garage, heating/cooling and timber flooring. 38 is a family-sized 3 bedroom, 2 bathroom home with separate living and dining rooms, a granite-topped kitchen/meals area, ducted heating, supersized outdoor entertaining, storage solutions and a 2-car garage.

Underpinned by a combined 40.75 metre frontage and 26.35 metre depth (both approx.), this is a rewarding opportunity from every angle with the current residences capable of generating secure income while your grand plans are finalised.

Providing a strong foundation for today and well into the future, enjoy easy access to Oakleigh rail, retail and restaurants, Chadstone Shopping Centre, a wealth of quality schools, quality childcare, transport choice and acres of lush parkland. Be quick as this sort of potential will be hotly contested!

Note: Price displayed is for each individual property.