Huge opportunity here. 809m2, (20.2m frontage), zoned r40, making it a 3 unit site by my calculation subject to jumping though the usual hoops, with the appropriate authorities.
The house has 5 bedrooms, 2 bathrooms, separated as, the original 3 Bedroom 1 Bathroom House, and a 2 bedroom flat. Currently rented at $460pw, giving you an income while you get busy with the necessary approvals.
Development around this area is moving ahead, and why wouldn't it with just about everything close by, and if it's not, there's a bus that can take you there.
This property at 190 Riseley St, Booragoon is a four bedroom, two bathroom house sold by Greg Cahill at LIFT Property Group on 27 Nov 2019.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Booragoon or see other recently sold properties in Booragoon.
Booragoon is an established suburb with commercial areas located centrally within the City of Melville. Booragoon's development occurred between the 1960s and the early 1980s with a slight population decrease between 1991 and 2006, followed by another increase between 2006 and 2011.
Characterised by its mix of parks, reserves, property and commercial sectors, Booragoon is a suburb with plenty of diversity on offer. Garden City Shopping Centre is the most notable commercial feature and one of the largest shopping centres within the Perth metropolitan area. In addition to the main shopping establishment, Garden City houses a cinema, public library, Melville City Council office and a major regional bus station. Other features in Booragoon are Melville Aquatic Fitness Centre, Booragoon Lake Reserve and local school, Booragoon Primary School.