Real Estate

development potential for late local identityaes highett pair

Written by The ReReport

Developers are circling two neighbouring Highett homes that have hit the market for the first time in more than 40 years.
The houses at 180 and 182 Highett Rd have been listed separately, but could be sold as a package deal.

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The two properties combine for a large land offering.

Buxton Hampton East director Noel Susay said the two blocks of land, totalling 1184sq m, had drawn interest from developers.
“There’s the potential to build four luxury residential properties across the two blocks,” he said.
“Exciting things are happening in Highett right now and these are in a great, family-friendly location.”
He said the properties could also be bought and developed by separate investors.

The properties are near Peterson St Reserve.

Mr Susay said the house at No. 180 was still very liveable.

The two houses were owned by a renowned local identity, Athol Porter, who lived at No. 180 until he died in 2015. The truck driver was respected for his contributions to the Hampton Rovers Football Club. His children have now put both houses on the market.
“The houses are separately titled, so two different parties could buy them,” Mr Susay said.
“While Mr Porter’s residence is still very liveable, the one next door is very run-down and likely to be demolished.”

n33ms701 Gwen and Athol Porter from Highett will celebrate their Diamond wedding anniversaryGwen and Athol Porter at their Highett home in 2010. Picture: Supplied.

They will go to auction immediately after each other on December 8.
Scheduled first is No. 180, which has a pre-auction price guide of $1-$1.1 million.
Mr Susay said the buyer of the first property would have the right to make an offer on the second before it went to auction half an hour later.

Inside No. 180, which has a pre-auction price guide of $1-$1.1 million.

The buyer of this property will be given the exclusive right to make an offer on the one next door.

The tear-down at No. 182 has a price guide of $950,000-$1 million.
An empty corner block also sits next to the listed homes.
“We believe it’s already owned by developers, who may be interested in expanding their land and buying these blocks too,” Mr Susay said.
Highett was one of Melbourne’s top growth suburbs in the past 20 years, with the median house price increasing from $129,000 in 1996 to $1.331 million today, CoreLogic data shows.

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