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Just steps from the magnificent South Cottesloe shoreline, this compelling investment opportunity offers abundant options for you to create your dream home. The existing two storey dwelling is built on 323m2 of prime land and is a solid brick and tile structure with a lovely character feel throughout.
The entry level includes an open plan living and dining area adjoining a delightfully renovated kitchen complete with stone benchtops, breakfast bar, ample cupboard space and brand new appliances. The first level includes a fabulous west facing outdoor balcony, a home office or 3rd bedroom whichever suits and the first of 2 bathrooms. The 2nd level features a huge master bedroom featuring postcard views to the ocean through oversized windows. The upstairs layout is completed with a 3rd bedroom and another bathroom positioned between the two bedrooms for ease of access.
The surprisingly generous rear garden is bathed in northern light and is the perfect space for the kids and family pets to enjoy, offering lush grass, landscaped garden beds and a paved alfresco zone to sit and entertain friends.
The property is currently rented out at $950 per week until May 2025 which offers an easy cashflow stream whilst you embark on planning and designing your dream renovation or new build in one of the most highly desirable locations in the country!
Council Rates: $3,350 p/a approx.
Water Rates: $1,940 p/a approx.
Property features
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Air conditioned
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Garages
2
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Toilets
2
Property snapshot by reiwa.com
This property at 2/3 Princes Street, Cottesloe is a three bedroom, two bathroom house sold by Andrew Cooper at Abode Real Estate on 04 Aug 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Cottesloe or see other recently sold properties in Cottesloe.
Cost breakdown
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Council rates: $3,350 / year
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Water rates: $1,940 / year
Nearby schools
Cottesloe overview
Cottesloe is a suburb revered for its relaxed beach-side lifestyle. Close to the city, yet still far enough away to not be exposed to its hyper-urban nature, Cottesloe is an ideal location for those who want the best of both worlds. Its land area spans four square kilometres and is characterised by a blend of historical and modern residences.
Life in Cottesloe
With the beach at your door step and the city centres of Perth and Fremantle a short drive away, Cottesloe's enviable lifestyle is what makes it such a desirable location. The world-renowned Cottesloe Beach stretches for 1.5 kilometres and draws a crowd from all over the state, country and world. Also in the suburb is The Cottesloe Beach Hotel, which has been a landmark destination of Cottesloe for more than a hundred years. Cottesloe Railway Station, Cottesloe Shopping Centre and Grove Plaza are other notable fixtures of the area, as are the two local primary schools and local high school.
Cottesloe quick stats
High end
$4.6m
Median
$3.5m
Low end
$2.7m
5.8 %
Annual growth
$3.5m
Annual median sales price
$1,000pw
Annual median rental price
