16 Melwood Avenue, Forestville

Positioned in a highly sought-after locale, 16 Melwood Avenue offers a prime opportunity development on a generous 922sqm flat block with an 18.8m frontage. Ideally located just a stone’s throw away from the RSL, school, and bus stop, and within a short level walk to Forestville shopping village, this property ticks all the boxes for savvy developers.

Currently advertised off-market, the property includes both a house and a granny flat, generating an impressive $1,980 per week rental income. The tenants are stable and in place, offering an immediate income stream while you plan for future development.

16 Melwood Avenue is located within a designated area for the new Low and Mid-Rise Housing Policy planning controls and less than 400 metres walk to the Forestville Town Centre, making this an exceptional opportunity for those looking to capitalise on Forestville’s growing demand.

Don’t miss your chance to secure this promising development site in a fantastic location. Contact us today for more details!