Set on a substantial 981sqm block with R25 zoning, this versatile property presents an exciting opportunity for developers, investors, renovators and land bankers alike. With the existing three bedroom, one bathroom mid-century home positioned ideally toward the front half of the lot, the site lends itself perfectly to a potential rear battleaxe subdivision, allowing buyers to retain and renovate the existing residence while unlocking the value of the rear land, subject to relevant approvals.
For those seeking a larger scale project, the block also offers the possibility to clear the site and construct two brand new homes, or simply secure the land and capitalise on the future potential of this well-connected Bedford location.
The existing home offers comfortable accommodation while future plans are considered, making this an appealing holding opportunity with multiple pathways forward.
Conveniently positioned with easy access to the Beaufort Street transport route, the property is also close to parks, shopping centres, cafes and popular local dining options, adding further appeal for future occupants or tenants.
Property features
* 981sqm block
* R25 zoning
* Potential two lot subdivision subject to council approval
* Ideal retain and build opportunity
* Existing 3 bedroom, 1 bathroom mid-century home
* Front positioned dwelling ideal for potential rear subdivision
* Excellent redevelopment potential
* Strong investment and land banking appeal
Location highlights
* Easy access to the Beaufort Street transport route
* Close to Beaufort Park
* Minutes from Morley Galleria Shopping Centre
* Close to Coles Inglewood
* Surrounded by popular cafes, restaurants and local amenities
City of Bayswater - $2,080 p/a
Water Corporation - $1,222 p/a
