Web Ref No 6436380

Prime 5-Bedroom Fixer-Upper with Subdivision Opportunity in Waverley
Endless Potential on 3 718m² in a Premier Location

Set in the heart of Waverley, this expansive 5-bedroom property offers a rare opportunity for renovators, developers, and families alike. Situated on a sprawling 3 718m² erf, the home boasts a partially completed subdivision—offering flexible options for the savvy buyer.
Choose to restore the existing Mid-century home to its former glory, complete the subdivision and unlock development potential, or clear the site and create a bold new vision from the ground up.

The main house offers generous proportions throughout, including five spacious bedrooms, multiple reception areas, and a substantial kitchen with a scullery and breakfast nook. North-facing bedrooms and a large patio ensure a sunny, welcoming ambiance. There's also a double lock-up garage, ample off-street parking, and a suite of outbuildings—ideal for staff accommodation, storage, or additional utility. This outbuilding could be converted to a second Home or Cottage.
The garden, with its towering, mature trees and once-proud pool shell, offers a charming backdrop for a landscaped masterpiece or a high-end redevelopment.
Whether you’re a developer looking for a prime piece of land in an established suburb, or a large family dreaming of a project home in a top location, this versatile property delivers exceptional value and countless possibilities.

Property Features
Bedrooms:
• 5 Bedrooms in total
• Main bedroom en suite with ample cupboard space
• 4 North-facing bedrooms
Bathrooms:
• 2.5 Bathrooms
• Guest cloakroom
Living Areas:
• Large lounge opening to patio
• Separate family room with fireplace
• Formal dining room
• Study
Kitchen:
• Spacious kitchen with breakfast nook
• Separate scullery/laundry
Outbuildings & Extras:
• 4 Staff rooms with bathroom and veranda
• Storeroom
• Double lock-up garage
• Long driveway with ample off-street parking
• Derelict pool (structure in place for potential restoration)
Development Potential:
• Subdivision plans on record (not yet passed by council)
• Regulation 38 not yet in place
• Buyer to pay outstanding costs related to subdivision
• Seller is registered for VAT

Stand Size: 3 718m²
Rates & Taxes: ± R3,000 per month
Asking Price: R4,560,000