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Prime Development Opportunity: Subdivide into 4 Units or Enjoy a Cozy 2-Bed, 1-Bath Home in a Fantastic Location!!!
Unlock Potential with a 2-Bedroom Duplex on a 2981m² Block!!!
Ideally situated at the front of the block, this inviting 2-bedroom, 1-bathroom duplex offers a wonderful opportunity. Combine it with the adjacent 3-bedroom, 1-bathroom duplex at 52A River Avenue to create a substantial 2981m² block. This larger parcel presents the potential to subdivide into four units while retaining the current duplexes.
Rental Potential:
• 52B River Avenue: $600 per week
• 52A River Avenue: $600 per week
Together, these properties offer a combined rental potential of $1200 per week, which equates to an impressive $62,400 per annum.
Charming 2bedroom 1 bathroom home
If development isn't your focus, this property remains an excellent choice for owner-occupiers. Located in a desirable part of Maddington, this home backs onto a serene river reserve and offers a cozy living space with proximity to the Canning River. Enjoy the convenience of being close to Maddington Primary School, Maddington Central Shopping Centre, and Maddington Train Station.
Step inside to discover low-maintenance timber-look flooring complemented by a split-system air-conditioning in the welcoming open-plan living, dining, and kitchen area. The practical kitchen features sleek white cabinetry and modern stainless-steel appliances, including an electric hotplate and oven.
Both bedrooms are carpeted for added comfort, with the master bedroom featuring a ceiling fan and built-in wardrobes. The second bedroom is also generously sized and flows to a covered patio, ideal for relaxing or entertaining.
Additional Features:
• Separate laundry with alfresco access
• Separate toilet
• Solar power panels
• Skirting boards
• Games room
• Single carport
The sizable backyard is a key feature, offering ample lawn space and a garden shed.
Approximate Distances:
• Maddington Primary School - 800m
• Maddington Train Station - 1.8km
• Centro Maddington Shopping Centre - 1.2km
• Perth Airport (T1 & T2) - 16.6km
• Perth CBD - 19.0km
Water rates: $822.11 p/a (approx.) (01/07/2023 to 30/06/2024)
Council rates: $1,680 p/a (approx.)
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.
Property features
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Carports
2
Property snapshot by reiwa.com
This property at 52B River Avenue, Maddington is a two bedroom, one bathroom duplex sold by Raveen Liyanage and Darren Khose at Porter Matthews Metro on 09 Oct 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Maddington or see other recently sold properties in Maddington.
Cost breakdown
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Council rates: $1,680 / year
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Water rates: $822 / year
Nearby schools
Maddington overview
'Diversity' best describes the southeast suburb of Maddington. Located 18 kilometres from Perth, Maddington contains major residential, retail and industrial sectors, as well as some semi-rural areas within its 11 square kilometre land area. Maddington's development began in the 1970s, with population growth occurring in the early 1990s and recently between 2006 and 2011 when new homes were added to the area.
Life in Maddington
Removed from the hectic nature of city living, but retaining the facilities that make city living appealing, Maddington is a suburb spoilt with opportunity. Currently, there are two shopping centres in the area, Maddington Central and Maddington Village Shopping Centre, as well as two community centres, a skate park, oval, parklands and playground. There are numerous primary schools in the area, including Maddington Primary School and East Maddington Primary School, as well as a local high school, Yule Brook College.
Maddington quick stats
High end
$660k
Median
$600k
Low end
$546k
39.5 %
Annual growth
$600k
Annual median sales price
$645pw
Annual median rental price
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