5 Bedroom House in Waverley

Nestled in the heart of sought-after Waverley, this expansive 3,718m2 stand has already been subdivided into three portions ranging from 1,000m2 to 1,404m2, making it an exceptional investment opportunity. Whether you''re a developer looking to create a multi-unit residential enclave or a homeowner seeking a spacious property with room for expansion, this versatile site offers multiple possibilities.

The Regulation 38 approval is complete, paving the way for a seamless development process.

Property is company owned, therefore there is no transfer duty is payable.

Development & Renovation Options:

Demolish and develop three modern homes, clusters, or apartments.

Retain the existing home, renovate, and build two additional residences on either side.

Keep the entire stand as a spacious private estate with a tennis court and pool.

Existing Structures:

A large family home sits on the property, currently tenanted at a fair rental, ensuring an income stream while planning your development. The home features:

Generous living areas

45 bedrooms including two en-suite

A spacious cottage with a separate bedroom and living area attached to the main house and would need to be demolished for subdivision

A swimming pool and tennis court requiring repair

Ample off-street parking

Renovation Needs:

The kitchen, bathrooms, flooring, and roof require attention to modernize the home. For those looking to restore its charm, this property provides an excellent foundation for a stunning transformation.

Key Features:

3 subdivided stands 1,000m2, 1,312m2, 1,404m2

Reg 38 completed for development ease

Spacious main home with generous interiors

Self-contained cottage attached

Large Garden with swimming pool

Tennis court in need of repair

Multiple off-road parking spaces

Prime location in sought-after Waverley

Location & Lifestyle:

Waverley is renowned for its tree-lined streets, vibrant Jacaranda blooms, and serene residential atmosphere. Centrally positioned, it offers:

Quick access to major highways M1, Louis Botha Ave

Proximity to top schools, shopping hubs, and places of worship

A family-friendly, well-established community

Priced to sell Dont miss this unique opportunity!

Call today to schedule a viewing and explore the possibilities