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Sold before hitting the market - contact Shaun Pratt of Abel Property Leederville on 0466822050 for further information!
**SOLD WITH NO PUBLIC HOME OPENS, NO FOR SALE SIGN, NO HASSLE TO THE TENANTS AND A GREAT OUTCOME FOR THE SELLER**
Shaun Pratt of Abel Property is proud to present to the market this outstanding opportunity with endless options.
Featuring a quality-built character property with plenty of original features and so much potential.
//Zoned R60
//498sqm of land holding (approx.)
//1925 character cottage
You could keep as is and land bank for the future with tenants paying $450p/w or ... (keep reading, the options below are exciting!)
For the developers/investors/builders:
//Apartments
Zoned R60 = 0.8 plot ratio (that's 398.4sqm of internal apartment space)
Perhaps 5 x 2 bedroom (70sqm) apartments and 1 x 1 bedroom 49.4sqm apartment?
//3 High-End Townhouses
How about constructing 3 luxurious/trendy townhomes?
//Two Homes
Build one and sell the other? Or sell both. You choose! It's a rare opportunity to find land to build your dream home in this location! It'll be non-existent very shortly.
//One Large Home
No.18 Melrose Street is currently under construction; an ultra-luxurious high-end build!
For the renovators:
Purchase with tenants in place and use this time to arrange your grand renovation plans and turn this into a stunning character home in a second-to-none inner-city lifestyle location.
As you'll now realise, the options are almost endless and there's plenty of opportunity here - meaning that this property will appear to a large range of savvy buyers.
All information above is to provide guidance only, buyers shall undertake their own due diligence on the subdivision and development potential of the property.
Property features
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Garages
1
Property snapshot by reiwa.com
This property at 24 Melrose Street, Leederville is a three bedroom, one bathroom house sold by Shaun Pratt at Abel Property Rentals on 01 Aug 2019.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Leederville or see other recently sold properties in Leederville.
Nearby schools
Leederville overview
Quirk and character permeate throughout the suburb of Leederville. Situated three kilometres outside of Perth, the urban and decidedly retro suburb is a honing beacon for free-thinking creative types. Always alive and brimming with energy, Leederville is a magnet for the city's cultural vanguard.
Life in Leederville
Everything from coffee houses to fine dining experiences, art house cinemas and vintage boutiques are on offer in Leederville. There are plenty of places to have a few drinks, most notably at The Leederville Hotel or The Garden. Luna Palace Cinemas provides an old school ambience for soaking up an authentic cinematic experience, while just down the road are fantastic burger joints, restaurants and an award winning pizzeria, Little Ceasar's. Other features include Leederville Oval, Leederville TAFE, Leederville Train Station and the Oxford Reserve.
Leederville quick stats
High end
$1.5m
Median
$1.3m
Low end
$1.1m
13.1 %
Annual growth
$1.3m
Annual median sales price
$690pw
Annual median rental price
