COTTAGE WITH AMAZING PROSPECTS
229 Albany Highway
Mount Melville, WA 6330
Phone: 9841 4022
Mobile: 0439 940 976
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Here’s a property to get excited about if you’re a first home buyer, rental investor or developer looking for substantial real estate with the bonus of an excellent location and bargain price.
Less than 1.5km from town, it’s a 1940s fibro and tile cottage on a 1165sqm block offering several options for adding value.
Buyers may choose to live in the home and improve the site to suit their own needs or, with appropriate local authority permissions, replace it and develop the land, or subdivide and capitalise.
The home is tidy and structurally sound, but would benefit from a makeover. It has undergone some modernisation in recent years, though it still displays original features such as timber windows and high ceilings. Timber floorboards under the carpets could be revealed and polished.
It occupies an elevated site from where it takes in a lovely outlook from the Porongurups to the hills of Gull Rock National Park and around to Mt Clarence from the comfy lounge and front deck.
The rest of the home comprises four double bedrooms, a white kitchen with gas cooking and space for a meals table, the bathroom with bath and shower, a separate toilet, laundry and utility area at the back door.
There’s a single garage at the side and plenty of off-road parking. The grassy block is in two sections – an enclosed area next to the house for children and pets to play safely and another fenced area beyond, an ideal site for a big shed.
First home buyers might choose to do up the home while living in it and enjoying the advantages of the big block as well as the easy access to schools, town and the coast.
With the location’s appeal to tenants, investors would enjoy potential for good rental returns, while developers could rent out the home pending applications. It is currently leased until November 2022 at $345 a week.
This is a rare opportunity for far-sighted buyers to reap the rewards of a well-priced property with outstanding prospects.
What you need to know:
– 1940s fibro and tile home
– 1165sqm block
– 1.5km from Albany’s CBD
– Suit first home buyer, investor or developer
– Ideal for renovating, leasing out or replacing
– Original high ceilings, timber features
– Outlook to, Gull Rock, Mt Clarence
– Front deck
– White kitchen with meals area
– Four double bedrooms
– Bathroom with bath, shower, basin
– Separate toilet
– Utility area
– Grassy block in two sections at rear
– Single garage
– Leased until November 2022 at $345 a week
– Council rates $1,808.21
– Water rates $1,463.12
Property Type: Residential Homes
Land Size: 1165.00 m²