910SQM OF OPPORTUNITY – LIVE IN, LEASE OUT OR DEVELOP!
Opportunities offering this much flexibility are becoming increasingly hard to find!
Set on a generous 900sqm parcel, 44 Teranca Road presents an exciting opportunity for investors, developers and savvy buyers looking beyond the ordinary.
Featuring a freshly painted two-bedroom, one-bathroom character home, this property combines comfortable living with exciting future possibilities. Original Jarrah floorboards bring warmth and character to the home, complemented by new hybrid flooring through the kitchen and dining areas.
Outside, the real opportunity begins. With a substantial backyard, established gardens, a large entertaining patio, workshop and convenient side access, the property offers an ideal configuration for future development (subject to relevant approvals).
### THE INVESTMENT OPPORTUNITY
Imagine securing a property with the potential to generate approximately $580 per week in rental income while exploring the possibility of developing the rear portion of the block.
With a potential rear development parcel of approximately 400sqm, this is an opportunity to investigate retaining the existing home at the front while creating additional value at the rear, subject to relevant approvals.
Offered at **$729,000**, with an anticipated rental return of **$580 per week (approximately 4.14% gross yield)**, plus an estimated **$400,000 potential standalone value in the rear development parcel** (subject to subdivision approval and independent valuation), this is an exciting opportunity to secure an income-producing property while unlocking significant future potential.
### PROPERTY FEATURES
- Generous 900sqm block with exciting future potential
- Character-filled two-bedroom, one-bathroom home
- Freshly painted interiors
- Original Jarrah timber floorboards
- New hybrid flooring to kitchen and dining areas
- Practical kitchen with laminate benchtops
- Convenient servery connecting the kitchen to the dining area
- Spacious living and dining configuration
- Large entertaining patio overlooking the backyard
- Long driveway running along the right-hand side
- Convenient side access through to the rear workshop
- Carport positioned to the left-hand side of the home
- Substantial workshop with roller-door access
- Generous storage spaces
- Established gardens featuring a statement mulberry tree, lemon tree, native bottlebrushes and rosemary
- Reticulation supplied from bore water
- Reverse-cycle air conditioning
- Excellent scope to explore subdivision or additional development (subject to relevant approvals)
### SO MANY WAYS TO MAKE THIS PROPERTY WORK FOR YOU!
Whether you're looking to secure a character home with room to grow, add a property with development upside to your portfolio, or investigate a dual-income investment strategy, this is an opportunity worth serious consideration.
Lease the existing home, investigate developing the rear, or secure the entire property and plan your next move. The choice is yours.
**$729,000. 900SQM. CHARACTER. INCOME. POTENTIAL.
Properties with this level of flexibility deserve your attention.
Contact Fiona Harvey | The Agency Mandurah today to register your interest and arrange your private viewing.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
