52 Herald Street, Cheltenham

Astute investors, new-home builders and discerning developers will immediately recognise the exceptional potential of this substantial 706sqm (approx.) allotment. While the existing home is comfortable and ready to enjoy, the real value lies in the approved plans and permits already in place—streamlining your path to a premium dual-occupancy...

Astute investors, new-home builders and discerning developers will immediately recognise the exceptional potential of this substantial 706sqm (approx.) allotment. While the existing home is comfortable and ready to enjoy, the real value lies in the approved plans and permits already in place—streamlining your path to a premium dual-occupancy project.
Currently leased and returning $580 per week, the residence provides solid holding income while you prepare to capitalise on the site’s future. Approved plans feature two side-by-side, double-storey townhouses, each boasting four bedrooms (all with WIRs and ensuites), spacious living domains and single lock-up garages—an offering tailored to meet strong market demand.
The existing home includes a generous L-shaped lounge/dining area, well-equipped kitchen with breakfast bar, central family bathroom and three well-sized bedrooms. Additional features include a laundry, separate WC, ducted heating, a powered freestanding studio/bungalow, and a double garage with workshop area.
Positioned in a high-appeal, family-focused neighbourhood, the property sits within the sought-after Cheltenham Secondary College zone and is moments from Southland Shopping Centre, DFO, Kingston Central Plaza, Kingston Heath Reserve, parks, transport and an array of everyday conveniences.
For further information on this development-ready opportunity, please contact Emily Whitehead at Buxton on 0420 997 276.

Disclaimer:The floorplan, room measurements, and land size provided are approximate and for illustrative purposes only. Buxton makes no representations or warranties regarding the accuracy, completeness, or reliability of any floorplan, drawing, or rendering used in the advertising materials. Buxton disclaims any liability for errors, omissions, or inaccuracies in the depiction of the land, property, or any described features. Prospective purchasers should conduct their own due diligence and seek independent professional advice to verify all information.