Located in a great street is this excellent retain and build home opportunity for investors, first time developers, or even first home buyers looking to pick up an smart investment.
The draw card is there is currently a Development Approval on the property to subdivide the property into 2 lots while having the option to retain the existing dwelling.
The Home:
A semi renovated well maintained and presented 3 bedroom, 2 bathroom brick and tile home.The home is currently rented for $275 per week until 1/11/2018, the tenants have indicated they are willing to stay on beyond the lease agreement.
The Block:
The major drawcard for the property is the 809m2, flat with a large 19m2 of frontage zoned r20/25.
The Development Potential:
- Retain the front home and build a 4×2 on the rear
- Demolish both properties and build 2 new homes
The Location:
Positioned 1 street away from the Thornlie Square shopping centre and a short drive from Thornlie Train station, Thornlie Primary school, Thornlie Tafe and approximately 17kms from Perth’s CBD.
Contact Charlie Bellow to receive the development approval, tile and sewer plan.