Nestled in the prestigious northern end of Pt Chevalier, 21 Johnstone Street presents a remarkable opportunity on a 696m2 freehold site. This prime piece of real estate, suitable for various development options, is bounded by a quiet cul-de-sac, ensuring privacy and tranquility. The site offers potential for townhouses, luxury homes, or a grand single-family residence. With an unknown roof and wall construction, this vacant residential plot is a blank canvas waiting to be transformed. The capital value has seen a significant increase of 63.5% from $1,575,000 in 2017 to $2,575,000 as of June 2021. The HouGarden AVM estimates the property's worth at $2,228,000, while the latest sales were recorded at $2,114,000 in 2023 and $2,205,000 in 2022. This address falls within the decile 8 Pasadena Intermediate and decile 10 Pt Chevalier School zones, with Western Springs College, a secondary school with a decile rating of 8, also in close proximity.
Concept drawings are available for this prime site, which is not only in a top street but also near the beach, Coyle Park, and with easy access to the harbour. It's a golden opportunity for those seeking prime development land or a site to build their dream home.
For families with school-aged children, the property's location in the heart of these esteemed school zones is a significant advantage, ensuring access to quality education.
Updated on September 26, 2024