A thrilling opportunity exists here for 1 lucky buyer to realise the potential of this substantial 814sqm (approx.) subdividable property currently zoned at R25.
This well cared for and loved 3 bedroom 1 bathroom 1970's home sits proudly on Edinburgh Road Forrestfield and is directly located across the road from the supermarket. As soon as you approach this property you will notice how the owner has meticulously maintained the yard with its low maintenance gardens.
As you step inside you will notice the home has jarrah floor boards throughout and storage galore. The kitchen is functional with an impressive top of the line chef's oven and the bathroom has been upgraded and well maintained.
There is side access and the luxury of a double carport.
As most will be well aware this property falls into the local Forrestfield housing strategy zoning change which is proposed to take place in 2016. This will change the zoning from R25 to R60. Being in the R60 area will make this property gold if this change does takes place, as 5 dwellings will be able to be built (STCA).
The home would also achieve a great rental return with an expected return of about $410 - $430 per week or would be more than suitable for the developer to live in while plans are drawn to subdivide.
The options are numerous and all worthy to be considered.
Walking distance to the convenience of the Forrestfield amenities, doctor, close to public transport and easy access to freeway and airport...the whole package is ideal.
First Inspection will be this Saturday the 6th September 2014 at 1:00pm 1:45pm.
See you all here
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