7490 Great Eastern Highway, Mundaring WA 6073

Invest, Develop, Enjoy!

This property is currently tenanted and will be sold with the tenant in place. Signed lease is self-managed and goes to June 10th, 2023 at a rental rate of $400/per week. Great for an investor looking for an instant return or someone not in a rush to move in.

This home has been well cared for and, with 3 bedrooms and 1 bathroom, would suit a couple or small family wanting to live close to Mundaring centre. Shops, cafes, markets, the pub, and everything else you could want for are all in easy walking distance. The neutral palette makes decorating easy, and the home has been recently upgraded with fresh paint, a new front door, and plush carpeting (not pictured in the photos).
This large block size would also suit someone seeking a development opportunity, as this property is already flagged as part of the Mundaring Town Initiative Masterplan. The Masterplan aims to establish the Mundaring town centre as a destination of choice. The zoning gives potential for an additional residence to be built on the block with access from Hodgson Lane. There is also potential for subdivision and development of multi-unit/multi-level housing. Please refer to the Shire of Mundaring for more information on potential development. The neighbouring duplex has already been granted subdivision approval and a new residence has been built. As such, there are already provisions in place such as underground power, water, deep sewerage to aid in future subdivision. This is again ideal for those interested in investing. Build a new home (or two!) down the back now in addition to collecting rent on the duplex. Or bulldoze the duplex to capitalise on the entire block to build up to 5 dwellings (subject to council approval).

Features Include:

3 bedroom & 1 bathroom easy care duplex
Located in Mundaring Town Centre
New window treatments
New carpet
Freshly painted interior including doors
New front door
Ducted evaporative air conditioning
Neat and tidy with neutral colour palette
New Colourbond fencing
Deep sewerage & underground power
Generous 997m2 with development potential up to 5 blocks!
Duplex currently tenanted until 10/06/2023 at $400/week
NO VACANT POSSESION: current lease and security deposit will be inherited

This property can't be beaten for location and investment potential.
If you would like to know more about this property or if you would like to arrange a viewing a time please call the agent Randi Macpherson on 0408 559 247 or the Earnshaws office on 9299 6533.