Sold February 2017

2 Olympic Avenue Cheltenham 3192 VIC

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Flexibility Brings Rewards

Is flexible design the answer to today's housing dilemmas? It's rare to find a home that adapts to a variety of uses...this expertly renovated mid-Century modern home does all that and more!

Offering the streetscape of a single property, the home comprises three separate self-contained (but optionally interconnected) spaces - each with its own entrance, off-street parking, 1-1-2 bedrooms, bathroom, laundry and open-plan living with kitchen. On one title with single rates and utilities and no body corporate or strata fees, the savvy investor will recognise the immediate benefits with potential to redevelop at a later date. Rental returns from this cleverly reconfigured property can offer investors outstanding yields.

Partially renovated to an exacting standard with quality kitchens (the largest showcasing state-of-the-art style with stone benchtops and European appliances), stylish bathrooms, polished floorboards and built-in and walk-in robes, this versatile property offers a mix of hydronic heating, reverse-cycle air-conditioning and fan-cooling ...all set in around 686sqm established gardens with CCTV surveillance and four carspaces across a double carport and sail-shaded parking.

Located in the desirable Pennydale Estate, just one door from the fairways of Victoria and Cheltenham Golf Clubs, adjacent to extensive parklands, close to Southland and Charman Rd shopping and train stations with the bus at the door, this is the ultimate multi-option opportunity ...with multiple rewards for investors and families of all shapes and sizes!

Live in one space while enjoying long or short term rents from the other two. Combine two of the spaces into inter-generational accommodation or return it to a single family home. The choice is yours now with flexibility to adapt in the future.

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Agent Information

Hodges Sandringham

10 Bay Road
Sandringham VIC, 3191
More property from Hodges Sandringham
1a Bay Road203/3 Remington Drive57 Red Bluff Street45A & 45B Kingston Street102/12-14 Bay Road1/1 Peterson Street

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Hodges Sandringham

10 Bay Road
Sandringham VIC, 3191
More property from Hodges Sandringham
1a Bay Road203/3 Remington Drive57 Red Bluff Street45A & 45B Kingston Street102/12-14 Bay Road1/1 Peterson Street
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