100 Stevenson Street, Kew VIC 3101

| Kew development-ready house | architect-designed townhouse plans | council-approved tree removal | tightly held Stevenson Street pocket | This property presents a rare buying case for a developer or landbanker, not an end-user. The existing single-level house is secondary to the council-approved plans for four town residences, which offer immediate time and cost savings over starting from scratch. Its position in a tightly held pocket with 90% owner-occupancy signals low turnover and stable demand, making it a strong candidate for boutique townhouse development. The buyer who needs a turnkey project with planning risk largely mitigated will find this property competitively positioned. The primary risk is the gap between the recent sale price and the implied value of the completed development, which may compress margins if construction costs or demand shift. The buyer must also account for the subdivision process and any community resistance in a high-owner-occupier area. The opportunity lies in the architect-designed plans and council approvals, which reduce uncertainty and accelerate time to market. For a buyer seeking to hold, the house itself provides rental income during planning; for a developer, the logical path is to execute the approved townhouse scheme and sell into a market with strong auction clearance and low days on market.