Spanning an impressive 1,012sqm lot and zoned R25, this property offers a opportunity for the visionary buyer to take a step into the lucrative property development market.
Calling all developers, astute investors and families who are looking for the Aussie dream of a big back yard. An exciting new chapter is about to unfold for this massive 1012m2 property located in a very sought after pocket of Bayswater. This is a once in a lifetime opportunity to purchase this unique and rare property. Zoned R25 with a 20 metre frontage there are multiple options here!
The home has good bones being built in 1950 and offers 3/4 bedrooms with Jarrah floorboards and high ceilings. Yes, it is very old and tired but with some TLC, a lot of elbow grease and imagination, could be transformed to a lovely character home.
OPTION 1
Renovate the existing home and rent it out land bank your future.
OPTION 2
Renovate the existing home and subdivide the rear block. Yes, the home needs a lot of work but everything is possible. You could then potentially sell the rear block and sell/keep the front home
OPTION 3
Demolish the existing house and with WAPC approval have 2 Green Titled blocks of land side by side with street frontage.
OPTION 4
Demolish the home and build your dream home on a large 1012m2 block
OPTION 5
Potentially have three blocks of land as there is potential Triplex development here with WAPC approval. There is already three builds on the same street on the same size block of land.
This is all about location and you snooze, you will lose. Very close to all amenities. If this property's limitless potential impresses you, then so will its amazing location. Situated in the sought after suburb of Bayswater and its close proximity to the Bayswater Train Station makes for an easy commute to the CBD or Airport. With the Mount Lawley and King William Street entertainment and restaurant precincts close by, along with the Galleria Shopping Centre and Coventry Markets plus all of the retail and lifestyle amenity available in Morley are all approx. 2.5km's away, this is the perfect home for anyone seeking easy living in a convenient location.
Call Paul Ross now and arrange to make it yours.
All dimensions/sizes are approximate.
