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Options Options Options in the HEART of DIANELLA!
Whether you're looking for a timeless investment, a property to add serious value to through renovation, a block with subdivision potential OR a place to build your dream home. 18 Eldon Street presents an exciting opportunity to make use of so many options in the HEART of Dianella!
Positioned on a substantial 749sqm R30-zoned allotment, this unique property has had one owner since the 60's. Seeing the potential they decided to build two units connected by one roofline but never did a subdivision to separate the titles.
Originally constructed in 1969, the brick-and-tile property comprises two functional 2-bedroom, 1-bathroom homes, both of which remain largely original with minor improvements made over the years.
While there's certainly room to roll up your sleeves and give these homes a new lease on life, the real attraction here is the flexibility on offer!
With two existing tenancies providing an immediate rental income, investors can enjoy holding with the luxury of time while considering their options for the future.
Renovate and revitalise the existing residences, explore opportunities to improve rental returns, or investigate the development possibilities afforded by the generous landholding and R30 zoning (subject to relevant council and WAPC approvals).
The location makes this opportunity truly hard to pass. Just moments from some of the Perth inner north's favourite schools, parklands, cafes, eateries, golf clubs AS WELL AS the CBD / Airport! All part of what keeps the 6059 postcode consistently involved in conversations for Perth's favourite suburbs
CURRENT TENANCIES:
18A Eldon - Fixed Term Lease expiring 6/11/26 (ticks to periodic basis post term)
- Returning $395 per week
18B Eldon - Periodic Lease
- Returning $280 per week
Both rents are truly below market value.
RENTAL APPRAISALS (APPROX.)
18A Eldon - $725 per week
18B Eldon - $650 per week
FEATURES YOU'LL LOVE:
- Quiet Street with great neighbours
- R30 ZONING
- Approx. 20.12m frontage, narrowing to 15.09 at the rear
- 2 VERY Functional homes with spacious interiors & large rear yards
- Generously sized bedrooms & bathrooms
- Property back onto a park
- Flat block
- Great tenants
WHATS NEARBY:
- Perth CBD / Airport
- Great public / private schooling
- Morley Galleria / Dianella Plaza
- Easy access to public transport / arterial transport routes in every direction
- Cafes / Restaurants on Walter Rd and Beaufort St strips
- Dianella Open Space
- Mt Lawley Golf Club
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent inquiries.
Property features
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Carports
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Property snapshot by reiwa.com
This property at 18 Eldon Street, Dianella is a four bedroom, two bathroom house listed for sale by Almog Marom and Jordan Colangelo at Harcourts Initiative.
For more information about Dianella, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Dianella profile page.
If you would like to get in touch with Almog Marom or Jordan Colangelo regarding 18 Eldon Street, Dianella, please call Almog on 0415 179 215 or call Jordan on 0478 354 983, or contact the agent via email.
Nearby schools
Dianella overview
Dianella is a large established suburb that experienced its most significant development during the 'boom' years of the 1960s. Characterised by a variant range of home styles, Dianella has everything from modest post-war dwellings to expansive, contemporary double-storey homes dominating its landscape.
Life in Dianella
The Dianella Regional Open Space is a significant fixture of the suburb. Located in the heart of Dianella, the space is a landmark of the community providing locals with numerous recreational opportunities and includes a community centre, tennis courts and a soccer field. The suburbs main shopping centre is the Dianella Plaza, however there are a number of other small shops throughout that cater to basic retail requirements. Also in Dianella are several schools, a public library and a senior citizens centre.
Dianella quick stats
High end
$1.5m
Median
$1.2m
Low end
$998k
22.4 %
Annual growth
$1.2m
Annual median sales price
$850pw
Annual median rental price
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