Auction Location: Online Auction
They say location is everything, but when you have location PLUS a development opportunity, you know you've hit the jackpot!
It's not the prettiest house in the street, but this solid three-bedroom brick-and-tile home represents tremendous value for savvy investors, with a significant and subdividable land component of 728sqm and almost 20m frontage. With options galore (subject to council approval), consider the following;
Retain and renovate/extend the existing dwelling and enjoy a sprawling backyard on a full-sized lot
Retain the existing dwelling, make some structural modifications, subdivide and build a new home on the rear block
Demolish the existing dwelling, subdivide and build two brand-new homes
Rent out the existing dwelling and landbank while you consider your medium to long-term options!
Leased until April next year to help with holding costs whilst you plan your build, renovation or development
Now we have explored a few options, let's consider the fantastic location - one of the best pockets of Dianella! Families will appreciate Wellington Glover Reserve metres from your front door and proximity to local government and private schools. Westfield Galleria and Noranda IGA are nearby for grocery shopping and retail therapy, and there's a bus route less than a five-minute walk from home. Tucked between Morley Drive and Alexander Drive, accessibility is a key benefit of this fantastic location.
3d tour is available upon request.
Call Adam Whitford from Xceed Real Estate to discuss this opportunity further, on 0406 616 608.
Features include:
3 bedroom, 1 bathroom brick and tile home
Built 1968, on 728sqm block (zoned R-25)
Single carport, extra off-street parking
Jarrah floorboards in the living area and bedrooms
Ducted evaporative air conditioning
Electric oven and gas hob
Huge rear yard with a shed
Excellent investment and development opportunity
Location (approx. distances):
110m Wellington Glover Reserve
570m Noranda IGA supermarket
800m North Morey Primary School
880m Dianella Play Space and Dog Park
1.2km Morley Senior High School
1.8km Infant Jesus School
2.0km St Andrew's Grammar School
2.3km Westfield Morley Galleria
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