Register your interest for the next similar property…under offer
This 890sqm lot with 22m frontage and zoned R30, located in Spearwood, presents an exciting opportunity for those seeking to maximize its development potential.
A 3 bedroom 1 bathroom currently occupies the land. Features of the home include a freestanding 6 burner gas stove, near new split system air conditioner and a solar hot water system (18 months old).
This property gives the astute buyer options:
- Retain the existing home and potentially sub divide and sell off lot to the rear
- Refurbish the existing home and enjoy living on a large block, maybe even install a new pool for the kids
- Live in/rent out now, sub divide when you are ready! Spearwood has seen 10.9% rental growth over the last 12 months (Source: REIWA)! Estimated rental return of $550 per week.
The zoning and size permits a potential 3-unit development, the existing residence will need demolishing to make way for the transformation.
Don't miss this chance to create a lucrative investment in a prime location, just a few minutes drive away from Phoenix Shopping Centre, parks, transport options, 1km from Spearwood Primary and Southwell Primary, and 1.23km from Hamilton Senior High School.
SPEARWOOD SUBURB STATISTICS
70% of residents are Owner Occupiers
10% population increase over the last 5 years
28 parks covering 26% of the Spearwood suburb (6 square km)
Median Sales Price $565,000
Median Value of Listing $605,815
For further information or a copy of the preliminary costing and indicative surveyor subdivision designs, call Murray Elliott on 0438 565 160 or David Snell on 0400 827 800.
