971sqm duplex block zoned R20.
If you want to produce capital gains immediately then this may be the property for you.
Subdivide the property in a battleaxe configuration and sell both the existing house which can be kept "as is" and the created block at rear.
Wide 24.14 metre frontage also lends itself to creating two street front blocks of 485sqm each,to sell or build upon.1st home buyers have been extremely active in the past few months (low interest rates,rental vacancy rate falling,rents increasing) to secure building blocks, because most 1st home buyers in 2019 want a new home.Makes sense to me.
Awesome investment to buy and hold, or quick turnover.An astute buyer nearing retirement may see this as a great opportunity, build at the rear for future income and sell off the older front house........or keep BOTH!!!
Subject to an application being approved by relevant authorities.Under the Residential Codes of Western Australia, both above examples are achievable.
* Double brick and tile
* Four bedrooms, games room, study
* Large workshop at rear with brick garden shed as well
* Three wall mounted air conditioners
* Three bedrooms with built in robes
* Renovated bathroom with shower/bath, 2 toilets
* Instantaneous gas hot water system
* Close to large parklands, Belmont Forum and schools
* This is land value only,has to be a great buy!!!
This property at 325 Kew Street, Cloverdale is a four bedroom, one bathroom house sold by Ross Kretschmar at WELSH Real Estate on 24 Oct 2019.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Cloverdale or see other recently sold properties in Cloverdale.
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