8 Cosgrove Street, Breakwater VIC

First Home or Savvy Investment for Subdivision
This brick-veneer home is situated in a quiet, secure pocket and would make an excellent first home or an astute purchase for a savvy investor looking to start or grow their portfolio. With a land size of 848sqm, it is ripe for a subdivision (stca) with possible options including building a new home out the back and renting out the existing home, or renting out both dwellings, or even building and then selling both to reap the financial rewards.
The current home consists of hardwood floors, three bedrooms, a family dining area/ lounge-room, family bathroom and a separate single-garage plus workshop.
This property has been rented out until recently and could comfortably be lived in while you upgrade and expand the home or it could be rented out again while you go through the process of gaining a permit for a subdivision. Options abound.
The position is a real prize, being situated just 4km to central Geelong and in close proximity to train stations, South Geelong Primary, Geelong High School, the Geelong Racecourse, Geelong show grounds and many other practical amenities.
Whether you upgrade and expand, or sub-divide and develop, this property’s size and location ensures you’re on a winner.

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