Built in 1945, this 3 bedroom and one bathroom period style home sits on a 986m2 block and awaits a new owner who wants to create some capital growth with a makeover and stamp the property with their own personal flair, keeping the entire block for the family to enjoy.
The character of the era welcomes you with the tuck-pointed facade and then through the coloured leadlight entry door showcasing the high ceilings, cornices, architraves, picture rails and ceiling roses, all within the large bedrooms, typical of the period. The home also enjoys the comfort of ducted evaporative air conditioning.
As an investment option, zoning allows for subdivision possibilities as it is zoned R20 with a minimum lot of 450sqm. This gives you the opportunity, subject to council approval, to subdivide the rear and sell off as a separate lot, or develop on the back and then sell.
You also have the option to demolish and divide into two street front lots approximately 10m x 50m and build one or two new residences. You could also look into the possibility of a commercial return and asking council for commercial rezoning and turning it into a medical suite for doctors on a long lease.
The home is brick and tile with a 20.1m frontage and length of 50m. Situated in sought after Banks Reserve precinct, you are only 3.5klms to the City and within a variety of elite quality Primary and Secondary schools, both private and public, including Trinity, Mercedes, Perth College, Mt Lawley High and Edith Cowan University.
You are only minute's walk to the social hub that is banks reserve which boasts a number of gas BBQ's, children's playground, ampitheater and basketball hoop. Having the river close by is a bonus with its cycle ways to the new Optus Stadium , The City and beyond.
This is a great opportunity to get into this Mount Lawley district with its shopping and cafe lifestyle, proximity to the City Centre and a short walk to the Mt Lawley Train Station.
