Spanning an impressive 1,012sqm lot and zoned R25, this property offers an opportunity for the visionary buyer to take a step into the lucrative property development market.
Calling all developers, astute investors and families who want to build a home and 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. Yes, it has been stripped back ready for renovation, but a lot of the hard work has been done for you, including removal of all asbestos.
With some imagination, this property is ready to go for a new transformation if you want to create a lovely character home of your dreams, with all the features you choose to put into it
6 OPTIONS TO CHOOSE FROM
OPTION 1 Complete the existing Character home and have the ultimate Bayswater Cottage on a full block
OPTION 2 Complete the existing home and rent it out, land banking your future.
OPTION 3 Complete 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 4 Demolish the existing home and with WAPC approval have 2 Green Titled blocks of land side by side with street frontage.
OPTION 5 Demolish the existing home and build your dream home on a large 1012m2 block
OPTION 6 Demolish the existing home and Potentially have three blocks of land as there is potential Triplex development here with WAPC approval. There are 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.
