Exciting Opportunity for Investors and Developers

The hard work has already been done for you! We rarely get a property like this gem, on our books. An outstanding opportunity awaits at 15 Madgwick Drive where you will find a large 1,331m² block offering a modern 4 bedroom home and, with DA approval permission to subdivide into two lots. Excellent prospects for return on your investment.

Fully fenced and perfectly positioned within walking distance to the popular University of New England this beautiful property offers you choice:
•Use the existing DA approval to subdivide and build a second home.
•Don’t subdivide and simply build a granny flat for your adult kids or parents to live near you.
•Live in the home and enjoy your generous yard and dual driveway access to store your caravan, boat, trailer, or tradie trucks.

Set on the existing title the modern four-bedroom home is already tenanted, providing immediate rental income while you plan your next move.
The existing home offers an open-plan light filled kitchen, living and dining, complimented by a second living/media or home office. Sleek timber look tiles throughout living areas and seamlessly extend to the alfresco dining area. This home has all the features you would expect for modern living including:
•2.7m high ceilings throughout
•stone benchtops and splashbacks
•soft close kitchen cupboards and drawers with integrated bin
•full height tiling and tiled niches to both bathrooms
•freestanding bath, floating vanities with stone tops
•1200mm wide feature entry door and contemporary internal doors,
•built in wardrobes to all rooms
•ducted air-conditioning
•solar panels
•electric car charger
•downlights throughout
•contemporary façade with random stone features
•north facing alfresco
•neutral colour palette

With room to develop further on the site, this is an exciting proposition for developers, investors, or those looking to secure a future-proof property in a high-demand location. Subdivide, expand, or simply enjoy the strong returns from the existing dwelling.

All council approvals, subdivision plans and engineering plans are available upon request.
Key Features:
1,333m² block with approved subdivision into two titles
Existing four-bedroom, two-bathroom home currently tenanted
Built-in robes to all bedrooms; master with ensuite and walk-in
Light filled open-plan living + second lounge/media/home office
North facing alfresco to capture that warm winter sun
1.5 lock-up garage with internal access
Short walk to the University of New England

Ideal for savvy investors, developers, future home builders or a family looking to store their ‘big toys’.
Opportunities like this in such a sought-after, growth corridor are rare—enquire today and unlock the potential of this unique property.

*We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*

Each of the four bedrooms includes built-in wardrobes, with the master suite featuring a walk-in robe and private ensuite. A central family bathroom and separate toilet service the rest of the home.

Property ID: 1368040