Positioned on a sprawling 1040sqm R40-zoned block in one of Maylands' most connected and character-filled pockets, this remarkable property is far more than just a home – it's an opportunity rich with history, flexibility and future potential. Behind the lush, established gardens and magnificent mature frangipani tree lies a beautifully preserved 1950s residence brimming with warmth and nostalgia. From the soaring high ceilings and original art deco light fittings to the ornate ceiling details, timber floorboards and charming fireplace, the main home captures the elegance of a bygone era while offering modern comforts throughout. The larger residence features two generous bedrooms plus a versatile third room ideal as a nursery, study, dressing room or creative studio. Multiple living spaces provide exceptional flexibility for families, entertainers or those working from home, including a welcoming lounge with fireplace, a timber bar area that could easily become a sunroom or library, and a newly renovated kitchen complete with brand-new appliances, dishwasher and 900mm oven. Adding incredible versatility to the property is the fully self-contained second residence: it's a private two-storey, two-bedroom, one-bathroom home with its own separate entry, driveway and individually metered power, gas and water. Whether used for rental income, multigenerational living, guest accommodation, Airbnb potential or a dedicated home business, the possibilities here are extensive. Upstairs, the second home opens on to a spacious balcony perfect for entertaining or enjoying peaceful evenings overlooking the gardens. For developers and investors, the R40 zoning and substantial landholding present exciting future prospects, with potential for redevelopment or subdivision (subject to relevant approvals). Retain the charming original home and build at the rear, lease one residence while living in the other, or explore the site's broader development opportunities. All this in an exceptional Maylands location, just moments from the Coles shopping precinct, train station, Eighth Avenue café strip, bus routes to the Perth CBD and the picturesque Swan River walking and cycling paths. Properties offering this much character, flexibility and future value are exceptionally rare. Features:- -Massive 1040sqm R40-zoned block -Two separate residences on one title -Potential retain-and-build opportunity (STCA) -Development potential for future redevelopment (STCA) -Beautifully preserved 1952 character home -Original art deco light fittings and decorative features -High ceilings and ornate ceiling details -Jarrah framing and limestone foundations -Timber floorboards and fireplace -Renovated bathroom in main residence -Brand-new kitchen with new appliances -Dishwasher and 900mm oven -Fresh paint, new carpets and blinds -Two large bedrooms plus a versatile third room/studio -Multiple living areas -Timber bar area/sunroom/library space -Self-contained two-storey second residence -Separate entry, driveway and utilities to second home -Wide upstairs entertaining balcony -Undercroft parking and workshop/storage areas -Large shed/workshop facilities -Incredible established gardens with a mature frangipani and mandarin tree -Walking distance to shops, cafés and Maylands Train Station **The property is being sold via Expression of Interest, with all offers presented and closing on 23rd June at 4:00 p.m.WST. The owner has the right to accept an offer prior to.**
