10 Vines Road, Hamlyn Heights VIC 3215

$749,000 - $819,000

4 beds

2 baths

2 parking

Two Dwellings, One Title, Outstanding Potential

Presenting a rare opportunity for investors seeking immediate income with genuine scope to enhance future returns. 10 Vines Road brings together two separately occupied dwellings on one substantial allotment of approximately 731m² in the heart of Hamlyn Heights.

Both residences are currently leased, providing an established income stream from day one, while the property's generous proportions, flexible configuration and largely original presentation offer exciting potential for future improvements and value-adding works.

The accommodation across the two dwellings is particularly versatile. The first residence comprises two generous bedrooms, a spacious living room, kitchen and dining area and bathroom. The second residence provides a further two bedrooms, a loungeroom, kitchen and dining space, bathroom and separate entry, allowing each household to enjoy an excellent degree of independence.
Outside, the expansive allotment provides generous open space together with a single garage, additional storage, garden shed, laundry facilities and off-street parking. With approximately 731m² of land, this expansive site also offers considerable scope for buyers to explore how the property could be further enhanced or utilised over time, subject to all relevant approvals.
For investors, the appeal lies in the combination of two existing tenancies and the opportunity to undertake strategic improvements that may strengthen rental returns and the property's overall value. For renovators and longer-term buyers, the substantial landholding and adaptable existing improvements provide an exciting canvas for the future.

Positioned close to the iconic Vines Road shops and the Minerva Rd shops, Western Heights Sports Academy, Clonard College, Kardinia International College, Hamlyn Banks & Herne Hill Primary School, with Hamlyn Park and Hurst Reserve perfect place to work up a sweat, the home also enjoys convenient access to Shannon Avenue, Minerva Road, the Geelong Ring Road and Geelong CBD.

Two dwellings. Two income streams. One substantial Hamlyn Heights holding with loads of potential to unlock.

Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist

Property Details

• Type: House
• Bedrooms: 4
• Bathrooms: 2
• Toilets: 2
• Garage Spaces: 1
• Other Parking: 1
• Land Area: 731 m² (approx)
• Tenancy: Tenanted

Features

• Broadband
• Built-In Robes
• Floorboards
• Gas Heating
• Workshop

• Other features: Close to Schools, Close to Shops, Close to Transport, Heating, Openable Windows, Security Access