Reiwa Reiwa
31 Preiss Street, Lockyer WA 6330

31 Preiss Street, Lockyer WA 6330

Sold price: $401,000
Sold
Sold: 18 May 2025

3 Bedrooms

1 Bathroom

2 Cars

Landsize 951m2

House

Contact the agent

Paul Armstrong

0459381382

Wellington & Reeves


BUDGET FIRST HOME BUY – SUBDIVISION POTENTIAL

Within easy reach of city amenities and featuring subdivision potential, this original property poses an affordable opportunity for first home buyers and key income prospects for prospective investors and/or developers.
It is among the cheapest available in its category in the current local market, which presents first home buyers with a rare opportunity to get a foot in the door to owning their place.
The property also has sound investment and potential development appeal.
It will be sold in as is condition and include a structural report, if the buyer requires it.
The basic home stands on a big level lot, with wide vehicle access possible either side to the substantial untapped backyard and a double garage.
The private front verandah provides access to a comfortable semi-open lounge, which flows to the main bedroom.
The central meals and pleasant kitchen zone leads to a second bedroom and the rear wing, which contains a utility area, third bedroom, laundry with storage and a previously refreshed bathroom.
The property is currently rented at $265 per week on periodic lease term.
Recent estimates indicate it could fetch a weekly rental income of between $430 and $460 in the current market.
Get your offer in now and make the most of this cheapie.
For more detailed information or to arrange a private viewing please contact Paul Armstrong on 0459 381 382.

Property features

  • Garages 2

Nearby schools

Parklands School Primary Non-government 0.2km
Mount Lockyer Primary School Primary Government 0.4km
John Calvin School Combined Non-government 1.1km
Yakamia Primary School Primary Government 1.4km
Albany Secondary Education Support Centre Secondary Specialist 1.7km
North Albany Senior High School Secondary Government 1.7km
Bethel Christian School Combined Non-government 2.0km
Albany Primary School Primary Government 3.3km
Albany Senior High School Secondary Government 3.4km
Spencer Park Education Support Centre Primary Specialist 3.9km

To view full details about this property, please visit reiwa.com.au
REIWA Listing #:4919062