5 Regent Street, Gledhow WA 6330

SUBDIVIDE, RENOVATE AND REAP REWARDS

This established property in a desirable location a few minutes’ drive from town offers numerous exciting and potentially lucrative options for savvy buyers.
It consists of a 1963-built (approx.) fibro and clay tile home on a relatively level 2,226sqm block, which has W.A.P.C. conditional approval for subdivision into four survey-strata lots, or it can be enjoyed as it is for a semi-rural lifestyle with various sheds, a freestanding games room or studio and enough space for parking and manoeuvring big vehicles.
A far-sighted buyer, however, would compound financial benefits through subdivision, and modernising the kitchen and bathroom in the home would result in another significant value-adder, whether for selling on or settling into.
This is a good, sound home with a practical layout making it a realistic proposition for upgrading.
Living areas consist of a good-sized lounge, a kitchen and dining area with a wood fire, and for outdoor drinks and barbecues, a private, covered rear patio overlooking the garden.
Three double bedrooms, a bathroom with bath and shower, a toilet off the laundry and a utility and storage room complete the picture.
The four approved lots comprise the front one of 819sqm with the home and a drive to the side, two of 371sqm further back, and the rear lot of 427sqm, the last three reached via a common property driveway along the side boundary.
There’s space on each of the rear blocks for a sizeable home with garages, a shed and gardens, all easy-care for today’s lifestyle.
Its location near the cul-de-sac end of a quiet street, in a leafy suburb and among similar substantial properties adds to its appeal with a wide scope of buyers, while families will appreciate the proximity to schools and a major supermarket.

What you need to know:
- Sound fibro and tile home, built approx. 1963
- 2,226sqm block with subdivision approval for four lots
- Games room or studio, several sheds – one with three-phase power, ideal for tradies
- Home with good indoor and outdoor living spaces, three queen bedrooms, bathroom with bath and shower, laundry, utility area
- Subdivision conditional approved for front lot (with existing home) of 819sqm, two of 371sqm and one of 427sqm
- Space for good-sized homes with garages and sheds on subdivided lots
- Leafy suburb seven minutes from town, near schools, shops
- Desirable lifestyle property or reap financial benefits through subdivision
- Council rates $2,330.92
- Water rates $1,564.13