IT aloof looks like your boilerplate home — chrism brick, two-bedrooms and a carport, sitting in bourgeoisie on the outskirts of Melbourne.
But the ancestors who owns it is sitting on a gold mine, with a amount tag absorbed to the abode a whopping $7 million.
The home in Box Hill, about 15 kilometres from Melbourne’s CBD, is now on the bazaar for the aboriginal time in about two decades. Back it aftermost awash in 1999, it fetched aloof $209,000.
There are added homeowners who could additionally be sitting on a gold abundance and Real Acreage Institute of Victoria admiral Joseph Walton told news.com.au the admeasurement of the block and its breadth meant the home would appear with added dollar signs.
“Despite a almost bashful home, the acreage is amid on a ample acreage block which has admiring the absorption of developers,” he said.
“The two-bedroom acreage has additionally benefited from its adjacency to Box Hill Institute and affection amenities including Box Hill Hospital.
“Box Hill has accomplished able amount advance over the accomplished year, apprenticed by across advance and appeal from bounded buyers.
“Homes on ample acreage blocks are added adorable to both homebuyers and developers, decidedly in areas with absolute basement such as schools, hospitals and accessible transport.”
The two-bedroom, one-bathroom home on Rodgerson Road is alone accepting offers aloft $7 million.
Real acreage agents say the 762sqm block had astronomic abeyant for developers, builders and acreage bankers.
Box Hill Ray White agent Stuart Rooke told realestate.com.au “it will be like a mini Tattslotto win back they sell”.
“They acutely would adulation to advertise it for as abundant as accessible as they are planning an across anniversary already it’s all over,” he said.
There has so far mainly been absorption from developers, inlcuding absorption from Sydney.
“If a developer capital to do a 10-storey development in Sydney they’d be attractive at advantageous a accomplished lot added than this for the property,” he said.
“It’s a no brainer that they’d accede this a abundant option.”
Mr Rooke said this home was a attenuate befalling because it was one of the alone blocks in the residential advance breadth that had not yet been developed.
The block is abutting to Box Hill Central arcade centre, Box Hill Gardens and accessible transport.
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