60 Maida Vale Road, Maida Vale WA 6057

SECOND CHANCE!! This property is back on the market and will sell this weekend. Contracts will be available from the Agent at the home open on Sunday if you would like to place an offer.

60 Maida Vale Road is positioned in the area designated by the Kalamunda Shire to be changed from R12.5 to R12.5/R30 which means this property will more than likely be allowed to have the front house retained and renovated and the rear part subdivided off. The Shire estimate the time for the zoning change to be completed to be roughly 12 months from now, however we do recommend you conduct your own research and contact the planning department on 9257 9876.

Once this change occurs, 60 Maida Vale Road will become the perfect retain and build 'battle axe' subdivision featuring no easements on the title and allowing full use of the 814sqm, sewer access directly at the front corner of the property along with power, water and gas ready to go. An existing brick and tile dwelling with a tenant happy to stay on if the investor requires it, or move out if the buyer wishes to move in. The tenant has already lived at the property for three years. The house is also ideally situated to the front left hand corner of the perfectly rectangular block requiring only the side carport to be moved to the front of the house to give ample room for the driveway for the future rear block.

Of course there is also the new 2 billion dollar Forrestfield Train Station rail link project which has already started and is set to be completed in 2020 on Maida Vale Road which is only 2,000 meters away that will only increase values in the area. This train station makes Perth City only 20 minutes away and will make this property only one train station away from the international airport and two stops from the domestic airport which is ideal for business people and fly in fly out workers while keeping down costs and time wasted on transport. The new train line will then travel under the Swan River and linkup to the Midland line near Bayswater and then will be only five stops away from the city!

The 296 bus route currently stops close by to the property for the time being and the property is only 10 minutes away is the start of the Bickley Valley wine region and of course the famous Swan Valley region is only 20 minutes to the north. The Maida Vale Road on ramp to Roe Highway is close by and the massive 1 billion dollar Gateway Project which has already begun will make it such that there will be no traffic lights between the property and the international airport upon completion. With the Australian Bureau of Statistics forecasting Perth's population to more than double to 3.8 million by 2050, urban sprawl will ensure that prices can only go one way for areas close by to this level of infrastructure and amenities.

With values in the area set to rise, this really is the ideal investment for a developer/investor or the hands-on first home buyer who wishes to live in the existing dwelling and renovate in situ and then subdivide off the rear block once they have more capital.

For high-resolution version of the Plunket Homes plans and for any further information please email me on [email protected]