46 Admiral Street, Lockyer WA 6330

Here's a sensational budget-priced starter home or enticing investment property for those with an eye for a bargain.

It's a sound, late-1950s cottage on a 907sqm corner block with a double garage, garden shed and ample off-road parking space.

Built of weatherboard and tile, the home features original jarrah floorboards and high ceilings in most rooms. It has been extended since its earliest days, and although it would benefit from a facelift, it presents as a comfortable, versatile home.

The location is also a winner. For those with young children, its position directly opposite Mt Lockyer Primary School will mean no more school runs, and for bigger kids, NASHS and TAFE are a few minutes' bike ride away.

There's a choice of indoor and outdoor living areas. Inside, the lounge has windows on two walls creating a light, airy feel and a wood fire for cosy winters. This room flows through to the dining area and then the kitchen, with gas cooking and space for a fridge-freezer.

Along the back is a sizeable covered patio, a terrific sheltered space for family barbies.

Two of the bedrooms are double sized and the third is a good-sized single. In addition, a sunroom at the front would make an ideal office or playroom, and could be used as a fourth bedroom.

At the back are the laundry, the bathroom with bath, shower and vanity, and the separate toilet.

The land is mostly in lawn front and back, with a few native trees and a driveway around the corner leading to the garages.

This is a perfect value-adder for owners choosing to roll up their sleeves and give it a makeover while living in it. For investors, it could either be modernised, given a basic spruce-up, or rented out as it is.

Just five minutes' drive from Albany, this represents value buying for forward-thinking owner-occupiers and investors, and is sure to be snapped up.

What you need to know:
- Sound weatherboard and tile cottage
- Original jarrah floors, high ceilings
- 907sqm corner block
- Light, airy lounge with wood fire
- Dining area
- Kitchen with gas cooking
- Undercover, sheltered rear patio
- Two double bedrooms plus one good-sized single
- Sunroom, office, playroom or fourth bedroom
- Bathroom with bath, shower, vanity
- Separate toilet
- Laundry
- Double garage
- Garden shed
- Ample off-road parking
- Gardens mostly in lawn with native trees
- Excellent family location opposite primary school, bike-ride from high school and TAFE
- Five minutes' drive from town
- Brilliant choice for shrewd first homeowners or rental investors
- Council rates $1,802.52
- Water rates $1,218.60