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River and City Views - Fantastic Development Potential
Bursting with real options, this is a property for the savvy developer, investor or renovator.
A rare find in such a central location while city and river views make this an opportunity too good to miss. Zoning R30.
Currently, there is a beautiful Federation-style home set across four lots on the large 2,100sqm block. This elegant residence is bursting with original features including high ceilings, fireplaces and vintage wallpaper while a host of modern comforts are on offer from an updated kitchen to air- conditioning.
There are five bedrooms, two bathrooms and a study, plus a large verandah with views over the Swan River and out to the twinkling city skyline. A renovation would restore this regal home while a new construction could take full advantage of this enviable riverside location.
For absolute convenience, the property has access via both Fourth Avenue East and View Street with a long driveway leading to the rear of the block.
The new residents of this one-of-a-kind offering will relish the exclusive location just steps from the prestigious Maylands Yacht Club, a short drive from the Maylands Peninsula Public Golf Course and an easy walk from local cafes and eateries. The picturesque Swan River is only metres away and it is just a quick 10-minute drive into the Perth CBD.
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 5 Fourth Avenue East, Maylands is a five bedroom, two bathroom house sold by Adam Lenegan at Mack Hall Real Estate in assoc. with Knight Frank on 27 Feb 2021.
Looking to buy a similar property in the area? View other five bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Cost breakdown
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Council rates: $2,138 / year
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Water rates: $1,377 / year
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$1.1m
Median
$775k
Low end
$600k
6.2 %
Annual growth
$775k
Annual median sales price
$700pw
Annual median rental price
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