5 Ranelagh Crescent, South Perth WA 6151

On the market for the first time in more than 50 years, this prime sub-dividable South Perth landholding just steps from the river is ready and waiting to reward the astute home buyer.

The generous 729sqm property is well-situated in an enviable precinct on the river side of Mill Point Road and boasts R60 zoning, making it a rare offering in the highly sought-after locale. Take advantage of the original family?s decision to sell and either live in or rent out an untouched gem offering the bonus of future wealth. Alternatively, you can renovate as an investment, build your dream family home moments from the stunning Swan River foreshore, or subdivide and develop townhouses or apartments subject to council approval - the choice is yours. Built in the early ?60s, the sturdy brick-and-tile house remains in top condition and features two great-sized bedrooms, one bathroom, spacious lounge and dining room with detailed ceiling, large kitchen/meals area overlooking the large rear yard and separate laundry.

Timber floors ready to be polished lie under the existing floor coverings. Relax on the front veranda among neat bore-reticulated gardens and watch passers-by or retreat to the private rear veranda, where the sky lights up on Australia Day. Whatever your vision for the premium property with 18-metre frontage, you will enjoy strolling to the foreshore and a proximity to exceptional amenities.

The popular Mends Street retail and cafe precinct, South Perth and Kensington Primary Schools, Wesley College, Perth Zoo, Royal Perth Golf Club and large parks and walkways are just minutes away. There is also bus and ferry transport to the CBD, and easy access to the freeways and airport. With the city's Elizabeth Quay and the Perth Stadium and sports precinct in Burswood on the horizon, there is simply no better place to be.

Please note, the planning information has been obtained from local council and no responsibility is taken upon for the information provided. Any potential developers are required to seek their own information and conduct their own feasibility studies.