Unlock the Potential with Dual Duplexes on a 1315m² Block Zoned R80!
Positioned privately, this charming 2-bedroom, 1-bathroom duplex half offers fantastic potential for savvy investors. By acquiring the neighbouring 2-bedroom, 1-bathroom duplex at 63A Orr Street, you can combine both properties to form a sizable 1315m² block, zoned R80. This presents an exciting opportunity for larger-scale development.
Both properties are currently leased:
• 63A Orr Street: $560 per week
• 63B Orr Street: $480 per week
Together, the two properties offer a combined rental income of $1,040 per week, translating to an impressive $54,080 per annum.
Charming Home, Great Location
If development isn't your focus, this property still represents an excellent opportunity for owner-occupiers or investors. Enjoy the peaceful surroundings near the Canning River and the convenience of local amenities, including 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 conditioner in the spacious open-plan living, dining, and kitchen area. The practical kitchen features white cabinetry and a gas upright stove - perfect for everyday living.
Additional Features:
• Single carport
• Gas hot water system
• Refurbished bathroom
Approximate Distances:
• Maddington Primary School - 900m
• Maddington Train Station - 700m
• Centro Maddington Shopping Centre - 800m
• Perth Airport (T1 & T2) - 13.5 km
• Perth CBD - 17.9 km
Water rates: $539.14 p/a (approx.) - For period 01/07/2024 to 28/02/2025
Council rates: $1660.00 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.
This property at 63B Orr Street, Maddington is a two bedroom, one bathroom house listed for sale by Raveen Liyanage and Darren Khose at Porter Matthews Metro.
For more information about Maddington, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Maddington profile page.
If you would like to get in touch with Raveen Liyanage or Darren Khose regarding 63B Orr Street, Maddington, please call Raveen on 0422 358 893 or call Darren on 0425 534 972, or contact the agent via email.
Track this property
Track property'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.
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.
Your approximate repayments would be