SOLD
Sold

1 Fife Street, FORRESTFIELD, WA, 6058

$545,000

Property ID: L17447581 | House

3 Bed
1 Baths
1 Car Spaces
852 sqm

Description


Ultimate Combo!!
R25/60 Corner Block with 852 square metres to play with is yes - you guessed it - a developers dream. But putting that aside for the moment, let's talk about the home, because this is a super cool place even without the gold mine of development options at your fingertips!

This 3-bedroom, 1-bathroom home has a second shower in the laundry, so really it's a 3 x 1.5 (and only one extra toilet installation away from being a true 3x2)!
It is also surprisingly spacious for a home of this era (built circa 1972). There is a secure garage, which was super rare back when these properties were built, and also an excellent outdoor patio area too!

The location is AMAZINGLY close to a lot of great places, for instance:
• Forrestfield Primary School 260 metres
• Woodlupine Brook 152 metres
• Hawaiians Forrestfield 420 metres
• Your nearest bus stop 200 metres
• The Facilities at Hartfield Park 600 metres

But for the interested developer among you, what does R25/R60 mean? Well, the R25 on its own pretty much makes it a 2 unit site - however by unlocking the R60 your options open up considerably. You will need the approval of the City of Kalamunda, but being that it is a corner site they are much more likely to agree.

Utilizing the R60, with approval, could allow for an average block size of 150sqm, so it could be possible to create a 5 unit site. It might also be worth considering a 2 or 3 storey set of apartments. Or if you want to go a little more gentle, you might opt for a classic retain and build by creating a new block on the eastern side of the property with Hale rd access (by removing the patio) and thus retaining the existing corner block 3x1 and saving further development for a later day.
All of these delicious options will require approvals from the City of Kalamunda so we stress it is crucial to make your own enquiries.

But, either which way you approach it from, this is certainly one groovy property and worth pouncing on soon.

Water rates: $1074p/a (approx.)
Council rates: $1737p/a (approx.)

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.

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