When I heard that there was vacant land left on “The Hill” I had to double-check. Go ahead, type in 12 Finlay Street, Albany on Google Maps (satellite). It’s equivalent to a Where’s Wally game between all the built homes in this most popular part of town BUT there’s truly one left to be found, discreetly tucked away behind 10 Finlay Street via a panhandle/battle-axe. Unbelievable…
Even more unbelievable is the size and views from this superb building block. Let me explain…
The block is 1,023 m2 and the home in front (10 Finlay) has height restrictions on it, so they cannot build a double-storey – ensuring you will have panoramic views over the city and the harbour. Is this too good to be true? No, I triple checked and it’s all registered on the title deed.
The shape of the block is another huge bonus – basically square except for the driveway of course. The back is 60.2 m, left boundary 53.3 m, right boundary 28.7 m and the curve around the front boundary shows 21.1 m behind 10 Finlay, a short corner curve of 4.2 m and a driveway length on the side of 18.9 m with another short curve of 4.31 m to the road (rough measurements). Imagine what you could you do with all this space?
Another prized factor is that all the drainage and sewer easements are in line with the driveway, making planning the position of your home/s and connecting to services a breeze.
Note that this area falls into an R30 zoning, so yes, I am suggesting building 2 or 3 units on this land – with permission of the Planning Department at the City of Albany of course. A visit to the Planning Department confirmed that battle-axe properties need one home on 410 m2 and you can fit two more homes in on 260 m2 minimum m2. Be aware that the whole Albany area is part of the bushfire plan and has to follow the historic town design policy.
Anyone who knows the dense Albany R30-zone area realises that many homes lost their views or got boxed in by neighbours as there weren’t any height restrictions imposed when properties were first subdivided. Luckily restrictions are in place on this property to protect the views of the 2 blocks behind (21 and 23 Serpentine East Road), as well as restrictions on the home in front of this block (10 Finlay Street). It’s a delightful win/win for all parties concerned.
Builders/developers and investors – this block needs your serious consideration. I’ve sold the two blocks on Serpentine East Road, respectively 2 and 3 days after going live on the websites, so you know that people will scramble to buy quality homes in the area. And given the views, you’re laughing all the way to the bank. Investors? There’s no specific building time, so sit on this golden egg and reap the benefit in years to come. Definitely better than leaving your money in the bank!
When you’re looking for a great block with views, you need to consider certain factors.
- Is the shape good for building? Yes – almost square other than the battle-axe road.
- Can the owner of the current single storey home on 10 Finlay Street go higher? No. They also have height restrictions that prevent a two storey home.
- Locals understand that these homes will enjoy beautiful winter sun and are sheltered by Mount Clarence from summer winds, allowing precious outdoor enjoyment (while facing the views) and lower power bills. The backs are north/north-west facing. (See the arrow on deposited plan 60491)
- Would the owners consider a cheeky offer for this block? No. The owners are well aware of the value, so the only reason it’s come to market at such a reasonable price is that their needs changed – they want to invest elsewhere.
If you’re looking for space in a quiet, upmarket area then this block should be at the top of your viewing list. If you’re a builder or investor, then this block offers very serious potential for profit. It’s an exceptionally rare find, in a very enviable position, well-priced and will have guaranteed views over the city and harbour. Well-built units should sell like hotcakes.
All that remains is your decision to buy/or miss out, on this once-in-a-lifetime opportunity.
What you need to know:
- Enviable position, one of the last vacant blocks in the area
- 1,023 m2 block, great building shape, R30 zoning
- The potential for a 3-unit development is a given – or keep it all to yourself
- The home on 10 Finlay Street has height restrictions so may not build a two-storey home
- This block also have sloping height restrictions in place to ensure all the neighbours behind them won’t lose their views
- Watercorp sewer and drainage easements on the property runs in line with the driveway – an easy connection to services
- Easy walking distance to Albany Primary and Albany Senior High Schools – 800 m walk or 2 minutes’ drive, while Albany Primary School is only 650 m away.
- 700 m walk/2 minutes’ drive to Albany Post Office on York Street via Rowley and Grey Street East
- 2.6 km/5 minutes’ drive to glorious Middleton Beach
- Walking distance from pubs and entertainment… Yes, 600 m from The Earl of Spencer
- Priced for a quick sale, so don’t delay!
Please contact the exclusive agent Jess on 0410 631 335 for more information.