Positioned on a generous 692sqm block in one of Koondoola's most convenient locations, this solid 3 bedroom, 1 bathroom home presents an outstanding opportunity for investors, developers and future homeowners alike.
Whether you're looking to landbank, develop in the future or simply secure a property with an excellent rental return from day one, this is an opportunity not to be missed. The home is currently leased at $630 per week until 20 July 2027, providing a secure income stream while you plan your next move.
Built with the practicality of its era, the home offers a functional floor plan with spacious bedrooms, a comfortable living area and plenty of natural light throughout. Sitting on a large parcel of land, the property offers enormous potential for future redevelopment, subject to relevant approvals. The property is understood to be zoned R20/R60, opening the door to exciting future possibilities in an area experiencing strong buyer and developer demand.
Location is another standout feature. You'll enjoy easy access to Koondoola Primary School, Waddington Primary School, Girrawheen Senior High School, local shopping centres including Koondoola Plaza and Mirrabooka Shopping Centre, beautiful parks and reserves, public transport and major arterial roads including Mirrabooka Avenue, Beach Road, Marangaroo Drive and Reid Highway, making commuting around Perth effortless.
Property Features:
3 spacious bedrooms
1 well positioned bathroom
Generous living area
Large 692sqm block
Excellent development potential (STCA)
Currently leased at $630 per week until 20 July 2027
Strong rental return from settlement
Fantastic opportunity to landbank while generating immediate income
Properties offering a combination of high rental income, generous landholding, and future development potential are becoming increasingly difficult to find. Secure your position today and capitalise on both today's rental returns and tomorrow's opportunities.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent inquiries.
