This is what serious landholding looks like - 1,821 sqm of prime potential in a fantastic location. Just shy of half an acre, this massive block is a rare find in suburbia. Opportunities like this are getting harder to come by. Secure this prime piece of land before it's gone!
THE HOME
The existing 3-bedroom home features two living areas and an extra multi-purpose room, making it highly functional for tenants or future homeowners. A roomy kitchen and dining area is the heart of the home, with 3 good sized bedrooms and a functional bathroom. Set on a huge 1821sqm block, the backyard has plenty of space to roam, with a garden shed for extra storage.
INVESTORS
Currently rented at $460 pwk, this is an excellent investment with strong future ROI potential. The Current Rental Appraisal is $450-480 pwk.
With an R15/60 zoning, which equates to possibly a 7-unit site. the development possibilities are huge! Whether you're looking to retain the existing home and develop the rear or explore higher-density housing options, this block offers a wealth of potential. Subject to shire approval, buyers must do their own due diligence.
LOCATION
Its location couldn't be better - within walking distance to the train station, a short drive to local shops, and close to Armadale Hospital. Sherwood Station is close at hand with Armadale CBD and Station also a short drive away, bringing the whole Perth Metro area within easy reach.
HOW TO VIEW
This property is available to view by appointment. Enquire today to book your private viewing. A walkthrough video will be made available.
PROPERTY PARTICULARS:
• Build Year: 1973
• Block Size: 1,821 sqm
• Living Size: 88 sqm
• Zoning: R15/60
• Council Rates: $2,088 pa
• Water Rates: $415 pa
• Rental Appraisal: $450-480 per week
(all values are approximated)
