12 Maple Street, Lathlain WA 6100

Jewel of Lathlain: Classic 1950's Build on a Full Sized Block - So Much Potential!

Welcome to this classic home in Lathlain, situated within a prime position, within approx. 15 minute walk to the train station and 15 minute drive to the Perth CBD. With 744 square meters of pure opportunity, this home is a great find and certainly one to hold on to for the future. Currently rented out to a long-term tenant on a periodic basis, there is ability here to continue renting out the home for immediate investment, and down the line either renovate the home or build a new home. What will you do with this jewel of Lathlain?

Property Highlights:
- Brick and tile structure with a 1950s design
- Spacious living area with timber floorboards and an open brick fireplace
- Kitchen with 1950s features with plenty of cabinetry and shelving
- Two bedrooms with timber-framed windows and jarrah floorboards
- Large outdoor area with a fully fenced block with wide side areas
- Located in Lathlain, near transport and amenities
- Spacious rear sleepout area with potential for conversion into more enclosed living spaces
- This property is being sold is "as is" condition

Investor Summary:
- This property is currently tenanted (with a long-term tenant) on a periodic basis for $500 per week
- With renovations, the market rent for this property is around $550 per week
- HouseSmart Real Estate is highly active in Lathlain and the surrounding areas, and can provide high-quality property management services throughout the duration of the tenancy and beyond.

Development Summary:
- This property has a land size of around 744 square meters (including approx. 20 meter frontage)
- Zoning for this property is R20. It is not currently subdivisible however does have a large land area and great position for future holding
- We recommend contacting the city council for confirmation of any requirements for the home.

Originally built in 1950, this home retains a lot of the historical characteristics that bring charm and personality to the property. Set back from the road, the home has a nice view out to the front of the street, and being positioned on the hill you have the view out to the surrounding areas. The house has a brick and tile build, with a front verandah (complete with a window) and back sleepout area. Inside there are two bedrooms, a large kitchen area, and front living room.

Entering the home, you are welcomed in to the entry area, from which you can access the two bedrooms, front living area, or go on through to the kitchen. Set up with deluxe property features that compliment the home nicely, it is easy to see how beautiful each room would be if renovated completely. High ceilings throughout, timber frame windows, jarrah floorboards, decorative cornices, wooden shelving, glass frame doors and colourful walls are just some of the unique characteristics that make this property feel like a "home" - features that are often missed in the new box homes of today!

You can see that this property has been lived in and loved by the current tenants. The two bedrooms provide a multitude of space, and from the rooms you have large windows for natural light. To the rear of the home you have the sleepout area, which is enclosed, and which has been converted in to a lovely little music area for the current occupants. Nearby to this sleepout is the kitchen which has plenty of cabinetry and shelving for storage.

Are you tired of a tiny courtyard? Well this home has more than that - it has a massive backyard, with room to transform it in to the outdoor space you always dreamed of. Currently home to various trees, these provide plenty of shade so you can sit outdoors in the heat, and also give a sense of greenery and liveliness to the home. This rear yard is fenced to the back, and the side yard is wide enough to allow for drive-through access if the trees are cut back.

The property is located in Lathlain, near Burswood train station (around 15 minutes walk!), Crown (with a multitude of restaurants, bars and nightlife options) and Optus Stadium. Also nearby are plenty of walking paths, biking paths, and of course the Swan River. The home has close links to both Great Eastern Highway and Graham Farmer Freeway, bringing you to the Perth CBD in approx. 15 minutes drive! Buses are available on Gallipoli Street.

There is so much to love about this gorgeous home - as it is, and also how it may be in the future. This is a fantastic piece of land which could be transformed in to an amazing area. Currently rented out, the tenants have made it their place of belonging, and the love to the home is obvious. Will you fall in love with this home too?