Welcome to 81 Spring Road, Thornlie, Perth - where opportunity meets potential! Situated on a substantial 1261sqm lot within the sought-after R20/30 zones, this property presents an exceptional prospect for investors, developers, or those seeking a substantial family home with future possibilities.
Boasting approval for a five-lot subdivision by the esteemed WAPC, the groundwork for lucrative development has already been laid. Additionally, the design of five NDIS SDA dwellings has been meticulously crafted, providing a blueprint for a socially impactful and financially rewarding project.
Currently gracing this expansive property is a charming three-bedroom house, offering immediate rental income with existing tenants.
Options for Investors/Developers:
1) Lease Out Existing House: Investors can choose to lease out the existing 3-bedroom house, generating rental income while planning for future development or sale of subdivided lots.
2) Knock Down and Subdivide: Alternatively, developers may opt to knock down the existing house at a later stage and proceed with the subdivision plan to create 5 lots. The design for 5 NDIS SDA dwellings adds another layer of potential value, especially if there is demand in the market for such specialized accommodations.
Homebuyers looking for a spacious family home in a prime location can also benefit from this property. The affordability factor coupled with the potential for future subdivision can make it an attractive option for those seeking a mix of lifestyle and investment potential.
Location Features:
- Thornlie Train Station | 700m
- Thornlie Primary School | 1.6km
- Thornlie Square Shopping Centre | 1.8km
- Spudshed Thornlie | 1.8km
- Thornlie Park | 850m
- Perth Airport | 13.4km
- Perth City | 19.7km
The property's combination of zoning, development potential, approved subdivision plan, and existing amenities makes it a compelling opportunity for a wide range of buyers. Don't miss your chance to make this character-filled property your own. For more details on this must-see listing, call today!
DISCLAIMER
We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.
