32 Olga Rd, Maddington WA 6109

Perfect Investment and/or Future Development

This solid renovated and refurbished double brick and tile home is zoned for triplex development at R40 right now, but the home has many more good years of life before demolition to build 3 new homes.

The existing owner first purchased the property in 1973, almost 50 years ago, but is now moving to aged care and the property must be sold.

This is an exciting opportunity for a first home buyer or investor to build wealth from capital growth and either sell or develop for profit in the future, even though the home is fantastic, it is mostly land value for a large corner development site like this.

Features include:
• Covered portico entry to Newenden St and covered car port entry from Olga Rd
• Wide entrance hall entry from both streets - very unique!
• High ornate design ceilings and and cornices and skirting boards throughout
• New timber clip lock flooring to passages and kitchen meals area
• New Kitchen with new under bench oven, cooktop and new dishwasher
• Split System Air Conditioning
• Security doors and screens
• Original VULCAN Kerosene heater in the formal lounge still works
• 3 double bedrooms with built in robes in the main
• Original bathroom and laundry tiling in pristine condition
• Instant electric hot water System
• Fully reticulated with a 6 station timer from the mains water
• Established fig tree and grape vines and large vege patch area
• Paved rear entertaining and BBQ area
• Lock up garage with auto remote door access on Newenden St
• Double undercover parking off Olga Road
• Rates: Water - $882.69pa Shire - $1506pa

Register your interest NOW!