Big block, long-term tenant, solid brick and tile home sitting sweet in the City of Belmont's Development Area 6.
Buying for subdivision is all about timing - making your purchase BEFORE the zoning has been upgraded from the current zoning of R20. The City of Belmont is going full steam ahead with its Development Area 6 Vision Plan and Implementation Strategy. The draft local planning policy is currently being advertised for public comment. For more details see www.belmont.wa.gov.au/Services/Planning/Pages/Development-Areas-and-Structure-Plans.aspx
The preliminary vision plan for Bulong Avenue states "Redevelopment of residential neighbourhood, with predominantly R60 and R80 / 2-4 storey buildings".
The house was built around 1959 from brick and tile with polished floorboards for style. There is longstanding tenant in place paying $320 per week in a fixed-term lease expiring 27th January 2014.
Apart from investment, did I mention that you can walk to the airport? What an ideal purchase for a fly-in fly-out worker! Think of the savings in parking fees or taxis. Lock up and leave for work, comfortable knowing your house on a prime block of land is waiting for your return.
