67 Altone Road, Lockridge WA 6054

WAPC Development Application LODGED – Secure this 3x1 home with immediate potential!

Welcome to 67 Altone Road, Lockridge. With a total block size of 692 square metres, and zoning of R20/50, this property has great potential for it's next owner. The front portion has a three-bedroom, one-bathroom property (plus rear room as a possible fourth bedroom), currently leased out and offering an immediate investment opportunity. The rear portion - of approximately 240 - 275 square meters - could be utilised for subdivision, pending approval (currently lodged with WAPC). Situated nearby schools, shops and parks, this property presents a great lifestyle opportunity. Don't miss out!

Property Highlights:
• Three-bedroom, one-bathroom property built approximately 1969
• Total block size of approximately 692 square metres
• Internal floorspace of approximately 106 square metres
• Extra room/potential fourth bedroom to rear
• Ceiling fans to living area and main bedroom for a cool breeze
• Ducted evaporative air conditioning
• Wooden floorboards to the living, dining and kitchen areas
• Patio to rear for outdoor living
• Fenced rear backyard

Investor Summary:
• This property is currently leased on a fixed term basis until February 2026, for $490 per week
• Market rent for 67 Altone Road is approximately $550 per week
• HouseSmart Real Estate is highly active in Lockridge and the surrounding areas - with an office in nearby Altone Park Shopping Centre - and can provide high-quality property management services from settlement and beyond!

Development Summary:
• This property is currently zoned R20/50
• Subdivision plans have been submitted to WAPC
• Rear Lot on Altone Road of approximately 240 - 275 square metres
• If house built, would be three-bedroom, two-bathroom home of approximately 150 square metres floorspace
• The seller provides no warranty regarding the development potential of the property
• We recommend checking development plans and requirements with the City Council and planning department. Any development is subject to planning approval and requirements. Confirmation of requirements and land potential is buyer's responsibility.

Location Summary:
• Walking distance to Rosher Park, Lockridge Primary School, and Good Shepherd Catholic School
• Altone Park Shopping Centre approximately 20 minute walk or short 5 minute drive
• Bus route available along Altone Road
• Parks, playgrounds and reserves all close by

Rates & Fees Estimation:
• Water Rates: $968.62 per annum
• Council Rates: $TBA

Why Buy?
This property has a great layout with a welcoming living area opening up to the central kitchen and dining room. The bedrooms are spacious and the house is equipped with ceiling fans to cool down in summer. The house's position makes it a great option for those needing to be close to all the essentials, and great for a family needing to be close to schools. Currently rented out on a fixed term lease, it is perfect for an investment property from day one. The zoning is a big plus - what will you do in the future?

Don't miss out on this excellent choice - contact our team today!