This property presents an exceptional opportunity for prospective buyers. The 682 sqm block is zoned R60/100, which allows for the retention of the existing 1960s bungalow home while also permitting the construction of two additional homes at the back with a minor modification to the driveway access. This presents a significant cost-saving opportunity, particularly given current building costs. Additionally, the property can be rented out while the back is being developed. With an R60, you need an average of 150sqm per lot and 120 as a minimum and there is approximately 320sqm at the back. Buyers need to do their own due diligence but the opportunity
The character home boasts a 3 bed 1 bathroom layout that can be easily converted into a 3 by 2. The home features beautiful Jarrah flooring, a 38-course ceiling height, split system air conditioning, paint throughout in very good condition, a patio, paving to most of the backyard, an electric garage, and side access to the back. Overall, this property offers an attractive investment opportunity with significant potential for future development.
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 inquiries.
Property ID: #L22465081
