10 Melvin Avenue, Thornlie WA 6108

Positioned in a highly convenient and well established pocket of Thornlie, 10 Melvin Avenue presents a rare and compelling opportunity for savvy investors and developers alike. Set on a generous 857sqm block with R40 zoning, this property offers the perfect blend of immediate strong rental returns and exciting future development potential (STCA).

Location further elevates the appeal: Close to Thornlie Square Shopping Centre and few minutes walk to Thornlie Train Station, offering excellent connectivity and access to local amenities, schools, public transport, and major arterial roads. With ongoing infrastructure improvements and sustained demand in the area, this is a strategic investment in a suburb on the move.

The true value lies in the R40 zoning, opening the door to redevelopment into potential three well-sized dwellings (STCA). This makes it an ideal land-banking opportunity for investors looking to capitalise on future growth while enjoying strong holding income in the meantime.

The existing setup is a standout, featuring a solid four-bedroom, two-bathroom main residence complemented by a detached studio. This versatile layout offers strong rental appeal and flexibility, currently achieving an impressive rental return under private management. Whether you're looking to bolster your investment portfolio with a high-yield asset or secure a landholding with multiple income streams, this property is performing from day one.

Property Features Include:
- Four-bedroom, two-bathroom main residence with other impressive improvements
- Strong holding rental income
- ZONED R40 - development potential for 3 dwellings (STCA)
- Large 857sqm block
- Built in 1963
- Prime location close to Thornlie Square, Thornlie Train Station, local shops, schools, and transport links
- Walking distance to Thornlie Primary School, Australian Islamic College Thornlie and Thornlie Senior High School

A rare opportunity offering cash flow today and development upside tomorrow - properties like this don't come around often. For more details contact Rashi Tewani at 0435 210 706 Today!

Please note: Photos are only for advertisement purposes.

Disclaimer:
All measurements, dimensions, and block images provided in this advertisement are indicative only and may not accurately represent the property's actual size, boundaries, or layout. Buyer/s are responsible for conducting their own due diligence, including but not limited to verifying measurements, boundaries, zoning, and any relevant approvals with appropriate authorities, prior to submitting or signing any offer. The seller and agent/sales reversative accept no liability for any reliance placed on the information provided herein.
The information provided has been prepared with care however it is subject to change and is not intended to form part of any offer or contract. Whilst all reasonable care has been taken in preparing this information, the seller or their representative cannot be held responsible for any inaccuracies (block sizing taken from trusted sources such as local council). Interested parties must be sure to undertake their own independent enquiries. Reference to a school does not guarantee availability of that particular school, distances are estimated using Google maps. Buyers are advised to make their own enquiries as to the accuracy on this information.