By renovating, extending or replacing this well-located real estate, an astute investor could reap serious rewards.
It consists of a traditional timber and iron cottage on a corner block of 774sqm with potential to subdivide (R25 zoning) in prestigious Middleton Beach, a few minutes’ walk from the coast and all the attractions of this major tourist precinct.
The property offers so many options for adding value and has water views just waiting to be exploited.
A renovation project could retain some of the home’s original features, which include jarrah floorboards in most rooms and several timber sash windows.
Its site near the front of the block allows plenty of space for a rear extension or separate unit – possibly two-storey to maximise the view.
Another advantage is its vehicular access around the corner in Wylie Crescent, where there’s plenty of off-road parking, a grassed area, a series of vegetable beds and numerous peppermint trees. Removal of the trees would free up the land for construction or more parking and let in the coastal outlook from the rear of the existing building.
Inside, the home includes an open, air-conditioned kitchen and dining room with adjoining sunroom. The kitchen has fitted jarrah cabinetry with natural-edge bench-tops and a gas cooker.
At the front is a lounge with a wood fire leading through to a sitting room or office.
The three double bedrooms share a generous combined laundry and bathroom with bath, shower and basin, and the separate toilet.
Providing options for outdoor living are front and rear decks and a front veranda.
This is an outstanding opportunity to purchase coveted Middleton Beach real estate either to live in or capitalise on.
Being so close to the coast, within biking distance of schools and a few minutes’ drive from the city centre are other reasons this suburb is valued among Albany’s most discerning property owners.
Those looking for a good-sized block and home in this highly prized area should take a closer look at its many excellent prospects and its potential for fabulous views.
What you need to know:
- Timber and iron cottage
- 774sqm corner block
- Potential to subdivide (R25 zoning)
- Prestigious suburb
- Water views could be exploited
- Walk to Middleton Beach and tourist area
- Few minutes to schools and town centre
- Ripe for renovation, extension or replacement
- Access from Wylie Crescent
- Good parking space
- Jarrah floorboards in most rooms
- Some timber sash windows
- Lounge with wood fire
- Kitchen with jarrah cabinetry
- Air-conditioned dining area and sunroom
- Second sitting room or office
- Three double bedrooms
- Combined bathroom and laundry
- Separate toilet
- Front and rear decks, front veranda
- Water rates $1,427.45
- Council rates $2,010.50
This property at 14 Sussex Street, Middleton Beach is a three bedroom, one bathroom house sold by Colin Montefiore at Merrifield Real Estate on 20 Dec 2019.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Middleton Beach or see other recently sold properties in Middleton Beach.
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