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ALL OFFERS PRESENTED BY 12:00pm 23/9/23
UNBELIVEABLE RETURNS ON AN UNBEATABLE DEVELOPMENT SITE
WHAT WE LOVE
This is an opportunity of a lifetime to secure such a great residence but also an incredible land holding in such an up and coming area. Built in 2013 the home offers a floor plan that can be either leased with a multi tenant arrangement which is currently and returning $1,770 per week or a multi generation family if this is what you require.
WHAT TO KNOW
Water rates: $1,725.77
Council rates: $$2,627.60
Rental return currently $1,770 on periodic lease
Zoning: R30
Lot size:2,327m2
Floor plan available on request
SOME OTHER REASONS WHY SHOULD PICK ME
1. **Large Family Home:** This property features a generous family home with multiple bedrooms, living areas, and ample space for comfortable living. With its well-maintained interior, it's perfect for immediate occupancy or rental income which is currently returning $1,770 per week. The front section of the home offers 4 bedrooms, a theatre , study and 2 kitchens areas. The rear of the home has a 2 bedrooms, 1 bathroom plus kitchen lost out with its own entry.
2. **Development Potential:** What sets this property apart is its significant development potential. Situated on a 2,327m2 block, it presents a rare chance for investors and developers to capitalize on the growing demand for housing in East Cannington. The property also has a proposed street going past the rear of the lot meaning you will have duel frontage which is a huge bonus.
3. **Prime Location:** East Cannington is known for its convenience and accessibility. It offers proximity to major transport links, shopping centers, schools, and parks, making it an attractive choice for families and commuters.
4. **Endless Possibilities:** Whether you're interested in subdividing, renovating, or redeveloping, this property provides a blank canvas for your vision. The local zoning regulations and the property's size make it suitable for various development options, subject to council approvals.
5. **Investment Potential:** East Cannington's property market has been steadily growing, making it a promising area for investment. The potential to unlock significant value through development makes this property an attractive long-term prospect.
6. **Investor's Dream:** Investors can generate rental income from the existing home while exploring development opportunities. The rental income can help offset holding costs during the planning and approval phases.
7. **Local Amenities:** Enjoy the convenience of nearby amenities, including public transportation, Westfield carousel (currently W.A’s largest shopping center , medical facilities, and recreational areas. East Cannington offers a lifestyle that appeals to a wide range of residents.
Rarely does a property with such development potential become available in East Cannington. Whether you're an astute investor, developer, or someone looking to create your dream home, this property offers endless possibilities.
Seize this opportunity to secure a property in a thriving suburb with promising growth prospects. Contact us today to schedule a viewing and explore the potential that this unique property holds. East Cannington awaits your vision, and this property is the gateway to a bright future.
WHO TO TALK TO
Shane Beaumont
0424893242
Or
Alison Caldei
0450 312 141
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 37 Gerard Street, East Cannington is a seven bedroom, three bathroom house sold by Shane Beaumont at Haiven Property on 19 Sep 2023.
Looking to buy a similar property in the area? View other seven bedroom properties for sale in East Cannington or see other recently sold properties in East Cannington.
Nearby schools
East Cannington overview
East Cannington is an established suburb southeast of Perth. East Cannington's most substantial development period occurred during the 1960s and 1970s.
Life in East Cannington
Parks and reserves characterise the sections of the East Cannington landscape not used for housing purposes with minimal commercial activity in the area. While predominantly the suburb relies on facilities in surrounding neighbourhoods, there is a small shopping centre within the East Cannington precinct that takes care of immediate grocery and amenity requirements.
East Cannington quick stats
High end
$810k
Median
$683k
Low end
$573k
37.9 %
Annual growth
$683k
Annual median sales price
$695pw
Annual median rental price
