Auction this Saturday 18th September at 12.30PM! Don't Miss Out! Opportunities can be hard to see, but this one should stand out! Here you have a massive corner block on the corner of Healy Rd and Frederick St Hamilton Hill, an area that has already undergone some improvement and subdivision. The block is potentially a subdividable block into four street facing blocks. However, instead here you have one huge family home already built and pretty ready to go along with the original home. So first of all we have the old home. This is now sitting on a corner block, allowing with permissions for the development of two new street frontage properties. The best way to describe this home is "interesting" The original owner absolutely loved granite and marble and designed the craziest paving you've ever seen right around the home. Unfortunately, the house itself is not in great condition. Its definitely seen the best of its days, being the family home for many years, then a few more as a rental but now its just not worth saving. It has seen the best of its days, its served its purpose now its time to move on. However, the original owner decided to build a new home for his family, very sensibly at the back of the block. So here we come to the 'new' home - 45a Frederick Rd and this is a huge home! This massive 4x2 is a complete surprise. Completely underestimated from the road. This home is a good solid build with high ceilings and spacious rooms. There's a double garage for security attached to the house and a large portico to greet guests. Once inside you start to feel the space of the house, with a large formal lounge off the entry. At the front is also the Main Bedroom which is simply massive, with a walk in robe and an ensuite with a toilet and bidet! Then around the corner is the largest living areas I've seen in a house of this era, dining and family spaces amply catered too with a kitchen overlooking the zone. You can fit some serious furniture in here. One wall faces north and one west so this is a great room all year around with plenty of natural light and warmth in winter. Now, the kitchen is burnt orange and it certainly makes an impact. But they do say 'Orange is the new black' right? Well, if you don't like orange then a re laminate, paint or new doors will change that pretty easily, but the layout is certainly functional and there is a good size pantry as well. The door leads to a decent laundry, powder room and the back of the garage. You may want to change the kitchen cupboards but you won't need to change the space in the house or the layout of the rooms as it has a great flow, is practical and large! Of the left wing to the living are the three remaining bedrooms, all of the fitting easily a queen bed and with double sliding glass-door wardrobes. There's also a nook that you could have as a kids play room all the way through to a study zone as the kids grow up. A family bathroom completes the space. All the windows and sliding doors are protected with security grills, so leaving the doors open for breezes is fine, but there is reverse cycle air conditioning as well to keep you cool and warm. There is also a security alarm so you will feel safe in your home at anytime. The garden has all been paved with the Italian's love of low maintenance gardens but this means it is simply a blank slate waiting for you to decide what you want to do. A patch of grass, garden beds, pot plants, whatever you want. There's space to put up a patio as well, but more importantly for some, is the huge lock up brick garage at the rear for those wanting a workshop, music room, craft room or just a place to make into a man or lady cave! The location is rapidly gentrifying and from here you can go straight down Healy Road to South Beach, an easy bike ride away. For shopping nearby, you have the hub at the top of Winterfold road including the IGA and just around the corner is the popular Organic Collective. And there are several schools in a very easy distance. There's so much potential here. You can buy the block and live in the newer home while developing the rest of the block, either now or later OR you can rent out the newer home while developing the block keeping an income through the development process, then upgrade the newer home and sell OR you can do up the newer home first and sell, to fund the development! The options are all there and its up to you how to make this work for you! This is a rare opportunity, one of the biggest you'll see, to be able to live in, or collect an income or a chunk of your investment immediately while developing a block, to sell as either land or even to build two new street facing homes. I'm sure you can see the potential here. It's a unique property in a unique situation, and it really does give someone the potential to make some great returns. Call for more details or pop in to the next home open and check this one out for yourself! 45a Frederick Street built by Blue Print Homes in 2009