Welcome to this hideaway property settled in the heart of Yokine, within walking distance to cafes and shops, reserves, and schools close by. Opportunity and possibility is almost overflowing here, with a lot size of a massive 870 square metres, you are set up with amazing potential at R40 zoning. Will you retain and build? Will you demolish and put potentially three new homes on the site? Or will you renovate, to enjoy yourself or lease out? The home on the property is a three-bedroom, one-bathroom brick and tile home built in 1954 and enjoys 117 square metres of internal floorspace. The home itself needs renovation work to comfortably enjoy however there is plenty to love and appreciate, including timber features and kitchen ceiling beam, great central location (if any new build or renovation included an elevated design or multi-storey home, you would have city views!), front porch, exposed archways giving a bit of a rustic feel, an outdoor sleepout area, and an open fireplace. Come and have a look for yourself at the wonderful opportunities presented here in this Wynyard Street property!
Property Highlights:
- Three-bedroom, one-bathroom home built in 1954
- 870 square metre site, zoned R40
- Potentially a triplex site (all buyers are encouraged to do their own due-diligence and research with the City of Stirling)
- 117 square metres of internal floorspace
- Brick and tile build
- Predominantly flat block
- Rustic timber and exposed brick internal features
- Open fireplace (sold as is)
- Elevated location with potential for city views depending on development design choices
- Single car garage
- Very close to Flinders Street Shops, Herdsman Lake and many other local hotspots!
Investor Summary:
- This property is currently owner occupied with a potential market rent of $500 per week (once a simple maintenance plan is actioned) with the potential for significantly higher market rents if improvements or renovations are actioned.
- The property enjoys R40 zoning, using the full 870 square metre lot this suggests a potential triplex site. Buyers are encouraged to speak to the City of Stirling, Landgate and any other relevant authorities to ensure they are satisfied with the development potential of this lot.
Built in 1954, this property has a brick and tile build, and to the interior of the home features three bedrooms, a bathroom, kitchen, living area, and sleepout area. There is also a separate garden shed. To the front of the home you have a verandah as well as a carport area.
Stepping in to the home you will find the living area, kitchen and sleepout area which pose great potential living spaces with some TLC. There are large windows for lots of natural light, and the living area is semi-open to the kitchen allowing great flow through from each area, for easy entertainment of friends and guests. The kitchen has wooden shelving and plenty of storage, a stainless steel sink, and electric hotplates. The bedrooms in the property are all of a good size with large windows as well.
In terms of location, this home is in a great position, with cafe's, restaurants and bars, as well as general food stores, all within walking distance. For excersize, Dog Swamp Reserve and Reader Reserve are a quick walk away, with playgrounds, ovals, and bush reserves. Dog Swamp Shopping Centre is only approx. 15 minutes' walk away with all of your essentials covered!
For schooling, there are many options within driving distance, but closer to home there are two within walking distance: Tuart College, at 12 minute walk/1.2km, and St. Denis Catholic Primary School, at 11 minute walk/750m. If you work in the CBD it is an short drive at only approx. 15 minutes! If you prefer to take public transport, there is a bus stop only a few minutes away on Wanneroo Road, which will take you down to the CBD.
Location is everything when looking for a property and here you have a massive land holding combined with a desirable location in a leafy suburb, close to the city, and with multiple schools and shops close by. Come and take a look at this property for yourself - it is sure not to last long though, so make sure you don't miss out!
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