Fr $1.19m. Approx. 9% Yield. Subd Opp! 6 2 2 Home Open Sunday, 08th November 11:45 am to 12:15 pm Description Approx. 9% Rental Yields, Gorgeous Home + Auxillary Dwelling & Potential 2-Lot Subdivision. House - MORLEY WA Tris and Eddie are proud to present this rare opportunity for astute investors, developers or growing families to secure a substantial 728m² corner block with an immaculate home ready to move in plus land banking with R25 zoning, offering 2-lot subdivision. Boasting a spacious six-bedroom layout, multiple living areas, expansive outdoor spaces and a generous front and back yard, a large shed that can be converted to a granny flat, this property offers far more than just a place to call home. A HOME FULL OF CHARACTER, SPACE AND POTENTIAL! As you set foot on the property, you are greeted by the generous front outdoor area offering ample parking for multiple vehicles, with the potential to accommodate boats, caravans, trailers or additional parking requirements. Step inside and be welcomed by a spacious, light-filled interior featuring multiple living areas. All living areas feature premium tiled flooring, while the bedrooms boast attractive timber-look laminate flooring. To the left of the entrance, the original formal lounge has been converted into an oversized bedroom to maximise rental yields. The generously sized master bedroom features two separate built-in wardrobes and a private ensuite complete with a built-in skylight. The large open-plan living area provides the perfect setting for family activities and spending quality time together. With a built-in skylight overhead and a thoughtfully designed layout, this inviting area is ideal for everyday family living. Positioned behind the kitchen is the original formal dining room, which has also been converted into an additional bedroom. This versatile room features sliding-door access to the patio area. Towards the rear wing of the property, you will find three well-proportioned bedrooms, all featuring expansive windows that allow an abundance of natural light to flow through. One of the property’s standout features is its expansive gabled patio entertaining area, complete with skylights, outdoor kitchen facilities and ample room for dining and entertaining. Whether hosting weekend barbecues, celebrating special occasions or simply relaxing with family and friends, this versatile area offers year-round enjoyment. The backyard features established greenery, paved entertaining areas, garden beds and a practical garden shed, providing plenty of opportunities for gardening, outdoor recreation or creating your own backyard retreat. Adding further appeal is the substantial detached storeroom, offering excellent flexibility for storage, hobbies, a workshop or other potential uses. There is also potential to convert the existing structure into a three-bedroom, two-bathroom granny flat (STCA), with an estimated additional rental income of approximately $800 per week, subject to feasibility, relevant approvals and rental market conditions. Together with the additional concrete-paved areas, the property provides convenient parking and storage options, enhancing its overall practicality and versatility. PROPERTY FEATURES YOU WILL LOVE:
• Spacious family residence with multiple living and entertaining areas.
• Light-filled interiors with generous windows and skylights throughout.
• Functional kitchen featuring ample cabinetry, bench space and a convenient breakfast bar.
• Comfortable 6 bedrooms with flexible layouts to suit different family needs.
• Well-appointed bathroom featuring a separate bathtub and shower.
• Dedicated laundry with additional storage and direct outdoor access.
• Expansive undercover entertaining area featuring a gabled patio and skylights.
• Outdoor kitchen facilities, ideal for family gatherings and weekend entertaining.
• Private backyard with established gardens, paved areas and room for outdoor activities.
• Substantial detached store offering versatile storage or granny flat conversion potential.
• Generous paved areas providing convenient access and additional space for vehicles.
• 26 Solar Panel System. FOR INVESTORS – OPTION GALORE! With the potential to accommodate up to six bedrooms and generate rental income of up to $1,300 per week, subject to rental market conditions, this property presents an exciting opportunity for investors seeking strong rental returns while land banking for future capital growth. Maximise your rental income even more by exploring the potential to convert the existing store into a granny flat for an additional $800 / week, or investigate demolishing and subdividing the land, the possibilities are worth exploring! Indicative rental income potential:
• Approx. $1,300 per week.
• Approx. additional $800 per week for 3 by 2 granny flat
• Approx. $109,200 per annum in gross rental income.
• Potential 9% Rental Yield.
• Opportunity to generate holding income while investigating subdivision or redevelopment options. FOR DEVELOPERS – R25 ZONING, SUBDIVISION & REDEVELOPMENT POTENTIAL. (STCA) Positioned on a substantial 728m² block with R25 zoning, this property presents an opportunity for buyers and developers to investigate future redevelopment possibilities. Subject to the relevant planning requirements and approvals, purchasers may explore the potential to:
• Demolish the existing residence and investigate subdivision of the land.
• Explore the feasibility of creating 2 residential lots.
• Retain the property partially as an income-producing investment while assessing future redevelopment opportunities. LOCATION, LOCATION, LOCATION – CONVENIENCE AT YOUR DOORSTEP! NEARBY AMENITIES YOU WILL LOVE (APPROXIMATELY): Shopping & Entertainment
• 1.5km – Galleria Shopping Centre
• 2.0km – Coventry Village Shopping Centre
• 2.0km – Morley Shopping Precinct
• Nearby cafés, restaurants, supermarkets and specialty stores
• 10km – DFO Perth
• 10km – Costco Wholesale Perth Airport Schools & Education
• 600m – Weld Square Primary School
• 700m – Embleton Primary School
• 1.1km – Hampton Park Primary School
• 1.4km – John Forrest Secondary College
• 1.5km – Hampton Senior High School
• 1.6km – Morley Primary School
• 1.7km – Hillcrest Primary School
• 2.0km – Chisholm Catholic College
• 2.1km – Infant Jesus School
• 2.1km – Noranda Primary School Parks, Sports & Recreation
• 150m – Bayswater Waves Aquatic Centre
• 1.8km – Morley Sport & Recreation Centre
• Nearby Broun Park
• Nearby Waltham Reserve
• Nearby Tom Cameron Park
• Nearby Hawkins Reserve
• Nearby Weld Square Reserve Public Transport & Accessibility
• 800m – Morley Train Station
• Easy access to Morley Bus Station
• 9km – Perth CBD
• 10km – Perth Airport
• Convenient access to Tonkin Highway, Reid Highway and major arterial roads Childcare & Early Learning
• 140m – Sparrow Early Learning Morley
• 200m – Zen for Kids Early Learning Centre
• 230m – Djinda Dreaming Morley
• 490m – Silverwood Child Care Centre
• 1.3km – Rossi Child Care Centre WHAT’S NEXT? For inspection/further info, pls contact Tris on 0404 820 888; tris@assureproperty.com.au or Eddie on 0414 787 088; eddie@assureproperty.com.au For obligation-free appraisal as well as a friendly & informative chat about selling your property, please feel free to contact Tris or Eddie. DISCLAIMER: Whilst every care is taken with preparing this advertisement, the Advertiser/Agent/Vendor/Servants do not guarantee its accuracy. Interested parties must do their own due diligence independently & satisfy themselves with any aspect, including subdivision/development potential/zoning which is STCA. Information contained does not form part of any contract neither does it constitute any representation by the Vendor/agent. Images are for illustrative purpose only. Absolutely no liability & no responsibility will be assumed by the Advertiser/Vendor/Agent/Associated Parties. Property Features House6 bed 2 bath 2 Parking Spaces Land is 728 m²Floor Area is 144 m² 2 ToiletEnsuite2 Carport4 Open Parking Spaces About About Tris Hong 0404820888
