8 Bingfield Road West, Medina WA 6167

Built in 1953, this house has withstood the test of time and is waiting for your tender touch to bring it back to life.

Features of the home include two bedrooms, one bathroom, enclosed sleepout, gas stove and window-mounted air conditioner. The windows have security screens installed. Outside the house, you have a large open block, with a carport leading through to a shed at the rear of the property.

Look through the photos and you will see that the property needs a lot of work, and it is being sold in as-is condition. What you see is what you get.

My thoughts are that you have three choices for this property:

1. Refurbish and Move In - this is a superb opportunity to create 'sweat equity' by getting your hands dirty fixing up this house. By moving in, you take the pressure off any deadlines and can work at your own pace. Have a look at the neighbouring house for an example of how these cottages can be brought back to life.

2. Refurbish and Rent out - use your pre-settlement time to create a project plan, and get cracking as soon as you get the keys. With intensive effort from one couple this house can be ready to rent out in three to four weeks. The rental value after refurbishment will be around $280 per week.

3. Bulldoze and Build - you will be buying at block value anyway, so dust off your dream home plans and get ready. Your new home will be full-size as you have 728m2 to build on, with 18 metre frontage and 40 metre depth. You will not be squeezed into a tiny narrow 200 - 300 m2 block like many new estates. Further, your new home will be surrounded by established trees and parkland, not sandy treeless plains.

Three good options there, choose one of them and buy this house before someone else seizes the moment.