69 Rippingales Road, Korora

Featuring an eclectic 3 bedroom cottage that would make an ideal artist's retreat, this 3.3Ha property has the potential to be subdivided into 3 lots under the current zoning. Lot 1 would retain the existing cottage and packing shed, while lot 2 would feature stunning ocean and valley views, with lot 3 offering seclusion and potential ocean views.

The opportunities are endless – live in the cottage and sell off the other 2 lots once approved and potentially recoup the purchase price, live in the cottage while you build your dream home on lot 2, then sell lot 1 and 3 and potentially recoup the purchase price, or holiday let the cottage while you landbank for future development.

A town planner's recommendations and development application costings are available, along with recommended resale pricing for Lot 1, 2 and 3. Substantial homes have already been built in the area to take advantage of this unique location that offers privacy, tranquillity and stunning views.

Amazing return on investment (STCA) Eclectic 3 bedroom cottage that is packed with charming features Packing shed has tremendous artist's studio potential Rustic dine-in kitchen equipped with gourmet gas appliances Features hardwood floors and working fireplace Original stainedglass windows and doors Moments to Park Beach Plaza and Moonee Beach Marketplace