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Fortune favours the brave - this 1917 workers cottage is in prime position to become a winner!
*END DATE SALE - All offers due in no later than 5pm Sunday 1st August, the Seller reserves the right to sell prior without notice*
Shaun Pratt of Bellcourt Mount Lawley is pleased to present to you 87 Stuart Street, Maylands.
Smack bang on the Inglewood border (the western boundary of this property is Inglewood), this workers cottage offers so much upside for those with vision.
Being completely honest, if you're not a renovator/builder, this property won't be for you. It's not just a cosmetic lick of paint job. But, if you're open to engaging a builder or you're a renovator this property oozes potential and upside!
We've all heard these two sayings "worst house in the best street" (I almost feel bad saying that, it just needs some love!) and "location, location, location" - this home ticks both of those boxes for astute property moguls.
On one of Mayland's most desirable tree-lined streets the location is second-to-none. You could be mistaken for thinking this property was actually in Inglewood. Take your pick of what cafe strip you'll visit, do you toddle down to Beaufort Street, or head towards Maylands for brunch?
Now, to the property itself...
The inside of this property has hardly been touched since it was built in 1917, with timber floorboards, pressed tin ceilings and walls, raw brickwork in the kitchen and walls that have seen layers of life.
Situated on 559sqm, with rear laneway access, the sky is the limit with what options you have.
Potential options (all subject to relevant approvals of course):
- Renovate and extend into a luxurious family home (extended character homes in this precinct attract prices well into the early $1millions)
- Renovate the existing footprint and have a massive backyard
- Retain, renovate and subdivide into two lots. Sell off the back block or build another home at the back with it's own laneway access.
- Landbank for the future. It's getting harder and harder to find green-title blocks in the inner-city. Current friendly tenants are on a periodic lease at $280 per week and have lived at the property for the last 5 years and would happily stay on should you wish. A periodic lease allows for us to sell the property with vacant possession at settlement.
KEY POINTS:
- 2/3 bedroom workers cottage (third bedroom is a sleep out situation)
- Super high ceilings
- Great room sizes
- Timber floorboards
- Pressed tin ceilings and on some interior walls
- 559sqm allotment with rear lane
- Zoned Residential R40 (two lot subdivision subject to relevant approvals)
- Character Protection Area under the City of Bayswater
- Inglewood border
- Being Sold "AS IS" - if you need a building inspection or advice please arrange for them to come along to the viewing with you.
Council rates: $1680.84 approx per annum
Water rates: $1099.05 approx per annum
For further information please contact Shaun on 0466 822 050 or via email at [email protected]
Property snapshot by reiwa.com
This property at 87 Stuart Street, Maylands is a three bedroom, one bathroom house sold by Shaun Pratt at Bellcourt Mount Lawley on 02 Aug 2021.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Maylands or see other recently sold properties in Maylands.
Nearby schools
Maylands overview
Maylands is a riverside inner-city suburb approximately 4.5 kilometres northeast of Perth, serviced by the Midland railway line on the northern bank of the Swan River. In 1896 the name "Maylands" was first used to identify the area, appearing on a poster advertising a land auction. However the exact reason how the area got its name is something of a mystery.
The suburb was once a source of clay for brick and tile making at Maylands Brickworks, and the pits from these activities are now part of a golf course and residential area. It was home to Perth's main airport until the early 1960s, and the facilities were converted to a training area for the Western Australian Police Service.
Life in Maylands
Maylands is known as a cultural and creative hub as it is home to The West Australian Ballet Centre and home to the WA Youth Jazz Orchestra. In recent years, new bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of the town centre into a lively, diverse and inclusive destination. There are numerous shopping centres in the area, 15 parks and reserves and two primary schools.
Maylands quick stats
High end
$1.1m
Median
$775k
Low end
$600k
6.2 %
Annual growth
$775k
Annual median sales price
$700pw
Annual median rental price
