1-2/23 Henry Street Noble Park, 3174 VIC
Huge Development Opportunity with 2 Homes!
Unlock exceptional potential with this rare 985m² (approx.) development site located just moments from Noble Park Central and the train station. A standout choice for savvy developers and investors alike — secure land and income, all in one.
Currently hosting two solidly built homes, the property offers a combined 6 bedrooms, 4 bathrooms, and 4 car spaces. Long-term tenants are in place, with rental income at approximately $350 per week (Dwelling 1) and $370 per week (Dwelling 2). With the current rental market trending strong, each home is approx.. $550 pw at current market value returning $57,200pa. (tenants have been in the premises for very long time and the landlord has decided to not increase the rent)
Zoned General Residential Zone 3 (GRZ3), this high-growth pocket provides the exciting potential to build 5–6 premium townhouses (STCA), depending on your design and density aspirations. Developers will appreciate the strong market demand for quality residences in this thriving location.
A truly unbeatable investment — whether you plan to redevelop now or land-bank and enjoy generous future returns.
-985m² (approx.)
Auction
Saturday 29th November 2025 at 11:00am
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Travis Bockman
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Ahmed Al Ziady