A very unique opportunity is here for the astute investor. Buy one, or buy both! These two side by side Kensington character classics are now approved R80 Zoning, offering an incredible opportunity to hold or develop.
Both sites have potential to redevelop up to 4-units per site under R80. Acquiring both sites would give the buyer more scope to dream big with 8-9 grouped dwellings, or bring a new apartment offering to this location (*subject to council & WAPC approval.)
1 Gwenyfred features a beautifully maintained character home with 3 bedrooms, formal lounge or 4th bedroom, 1 family bathroom, large open plan living and meals adjoining a spacious kitchen. Kitchen features a large walk-in pantry room and plenty of bench space. The lush backyard provides a shady green sanctuary with tall trees, an undercover patio, plus a large garden shed. An outdoor laundry and disused tradie toilet add to the vintage feel.
Currently leased to a great tenant on a negotiable term.
3 Gwenyfred is next door and sadly, time hasn't been as kind to this home. Currently uninhabitable and being offered 'as-is', this 2 bedroom property needs some vision to see the charm restored, or it may be time to start again for this site.
1 Gwenyfred: 544sqm R80 Green Title
3 Gwenyfred: 544sqm R80 Green Title
12m Frontage
Outgoings:
1 Gwenyfred
Council Rates: $2550.34pa
Water Rates: $1300.68pa
3 Gwenyfred
Council Rates: $2198.92pa
Water Rates: $1153.56pa
*Disclaimer: all measurements are approximate, and proposed subdivision suggestions are concept only. Any redevelopment proposal would be subject to Local Government and WAPC approval.
