Wow - get ready to step into your next potential home or investment property! This exciting four-bedroom, one-bathroom 1969 built cottage-look house is packed with opportunity and potential. This house includes a generous portion of land (729 square metres, zoned R20/50), is well-positioned in the suburb of Lockridge and flaunts an approximate internal floor-space of 112 square metres. Modern refurbishments inside in the kitchen, and the large rear-extension is a fantastic additional living space or awesome conversion to a fourth bedroom. A great location, convenient for both public transport and Bassendean Train Station, the shops or a highway commute to other areas of Perth. Lockridge is a suburb with plenty of local developments building up to new heights - don't miss out yourself! The property is currently vacant presenting you with opportunities to lease it at market rent of $475 per week, or enjoy yourself!
Property Highlights Include:
- Four-bedroom, one-bathroom home built in 1969
- Huge laundry space!
- 729 square metres land size, zoned R20/50
- 112 square metres internal floorspace
- Large front and back yards
- Split system air condition in living area, ceiling fans in bedrooms
- Renovated kitchen with modern appliances
Investor Summary:
- This house is currently vacant ready for you to move in, or lease out
- Market rent for 271 Morley Drive East is approximately $475 per week.
- Using a purchase price of $399,000 results in a gross annual rental yield of 6.21%.
- Zoning is R20/50 which provides a plethora of options - contact the City of Swan for more information. Subdivision should be possible, subject to relevant approvals!
- HouseSmart is highly active in Lockridge and the surrounding areas, and can provide Property Management Services throughout the course of the sale and beyond.
Spacious parking awaits you as you turn off Morley Drive East. Upon entering your home, you are welcomed into a surprisingly sizable living area connected to the kitchen. The kitchen poses a modern-look with its stainless-steel appliances due to the renovation. A passageway leads from the kitchen towards the bedrooms. Bedrooms are well sized, with large windows allowing a good amount of natural lighting to come through. A shared bathroom is ideally positioned between the bedrooms.
Going through the back of the property you find the laundry, very spacious with the laundry benchtop modern as a bonus, an isolated toilet towards the right and a spare bedroom towards the right. This back room is spacious with crisp modern presentation, with a great aspect towards the backyard.
Step out to the backyard, which is very expansive and welcoming to any creative hands. The total lot size here is 729 square metres of zoned R20/50 space... subdivision potential abounds, subject to relevant council approvals. Please contact the City of Swan to explore all the options for this exciting block!
This house is located on a popular road that leads to many different local destinations and attractions. Only 2 streets away, you can find yourself at Altone Park Shopping Centre (4.6km), or 3 streets away to get to Beechboro Central Shopping Centre (5km). Driving to the west, you can get on to Tonkin Highway connecting you from the southern eastern part of Perth to the Northern parts of Perth. Perth CBD is about 25-minute drive distance and Perth Airport is a shorter 17 minute away.
There are several large parks and reserves nearby the property. The closest of the lot is Korbosky Park being a 4 minute walk (300m). Across the street, you can get to Savvy Lee Playground/Mary Crescent Reseve also 4 minutes (300m) walk away. Close by schools include Lockridge Primary School and Good Shepherd Catholic School.
Don't miss out on this exciting home with plenty of opportunity and space!
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