DEVELOPMENT POTENTIAL - CORNER LOT!

Property Features

Property Features
  • House
  • 3 bed
  • 1 bath
  • 1 Parking Spaces
  • Total Land Area: 862 m²
  • Carport

BEST OFFER | CLOSING 5:00PM | TUESDAY 5TH OCTOBER 2021 | UNLESS SOLD PRIOR

PRICE GUIDE – OFFERS ABOVE $375,000 PRESENTED

A very rare opportunity presents itself with this expansive 861 m² Green Title corner allotment with development potential. Ideally located within walking distance to the local shopping centre, primary school and major transport routes.

An ideal investment in your family’s future.

THE LAND
This corner lot is currently zoned R20/R30 offering re-development potential subject to WAPC and Council approval to a duplex or triplex site. Additionally the Draft Local Planning Strategy no.24 was adopted on 23/2/2021 which stipulates a possible future rezoning of this site to R40. If this is passed then this site will become a 4 unit site, likely timeframe is 12 to 24 months.

Possible duplex / triplex / quadruplex development site.

Cross-over options on both Connemara Drive and Camberley Street subject to WAPC and Council approval.

THE HOME
Currently rented to a long term tenant at $390/week
Original 1970’s solid brick and tile home
Ripe for renovation | restoration
3 bedrooms including a sleepout
Multiple living areas
Garden shed

THE LOCATION
A short stroll (200m) to Homestead Park with cycling and walking opportunities along the Canning River foreshore
Thornlie Primary School only 80m away
Thornlie Square Shopping Centre a short 400m walk
Major transport route on Spencer Road 700m away
Maddington Central Shopping Centre 5 min drive

This property is ideal for the astute investor, come and reap the rewards by securing this rare property.

Council Rates | $1,520 pa
Water Rates | $910 pa
Land Area | 862 m²