* HOME OPEN CANCELLED - PROPERTY IS UNDER OFFER *
Secure a smart investment by acquiring this property now, strategically positioning yourself to benefit from the ongoing building boom. Generate rental income while you bide your time for future redevelopment. This property, a valuable asset, rests upon a generously sized 822sqm approx. block boasting DUAL ZONING OF R20/R60. * Retaining the home and subdividing the rear is one of the possibilities due to side access!
Embrace the high demand for rentals in the area with this charming home featuring:
• Four bedrooms
• One bathroom
• Separate w/c
• Spacious laundry
• Open plan kitchen and dining
• Spacious lounge
• Outside powered games room which can easily be converted to a granny flat/additional bedroom
• Powered shed
• Double carport
. Ample parking for cars and toys
. Side access on two sides
• Paved rear back garden, so very low maintenance
• Block size: 822sqm approx.
• Build area: 149sqm approx.
• Current market rental rates: $520pw - $550pw
• Lease expires: 7/10/2023 – current tenants would love to renew
• **ROI: approx. 5%
Alternatively, this property presents an enticing opportunity for first-time homebuyers seeking a foothold in the market. Ideal for skilled tradespeople who can convert it into a budding family haven. The extensive side access and expansive backyard offer a canvas of possibilities, limited only by your imagination.
The property's unrivalled location speaks for itself, situated right in the beating heart of Wanneroo. Within mere minutes' walk, discover a plethora of essential amenities, from schools to parks, public transport to bustling shopping hub and even an industrial precinct. Seamlessly connected to Wanneroo Road, convenience is at your doorstep.
A versatile and multifaceted property, it is essential to witness it firsthand to grasp the magnitude of its investment potential.
* Buyers are required to conduct their own due diligence as to any subdivision potential and not to rely solely on the information contained within this listing.
** Note - the buyer/s shouldn't rely solely on the potential returns advised by the selling agents and should conduct their own due diligence to make an informed decision.
Note - the marketing photos show the property as vacant, but it is currently furnished
