Description

This property is the ultimate investors dream, a 1034sqm neat, flat rectangular block zoned R25/40 and located in the heart of Forrestfield. Complete with a neat 3x1 home and a colossal powered workshop/shed! Plus there are so many possible money making options to explore here today that your wealth will be protected into the future.

Strap in, grab your calculator and a coffee, lets have a look at the overview.

Option 1 - keep it for a while to occupy or rent out. The original 1960's home is in great condition, with big bedrooms and character, solid Jarrah floorboards throughout. Boasting side access through to THE BIGGEST powered shed you've probably ever seen in the suburbs!

Options 2 and 3 - Utilize the R25 zoning to create a brand-new rear block you could sell as-is, or build on it and sell, while retaining the existing house to be rented, sold, or lived in. Just recently a brand new 3x2 rear house at number 79 Sussex sold for $460,000 which gives you a good idea about what's possible!

Option 4 - Still utilizing the R25 zoning you could knock the house down and build two side by side street frontage green titled properties like they've done next door at number 85 Sussex Rd.

Option 5 - Talk to the shire about unlocking the R40 zoning. This would allow for an average block size of 220square metres, so you could easily fit 4 blocks on the site, or build 4 houses. There are even ways to do more if you went for over 50's residences and utilised the 1/3rd density bonus!

Option 6 - apartments!?!
This is a new untested area for Forrestfield, and it might be worth holding off until the market has well and truly kicked back in, but if you unlock the R40 zoning it is technically feasible to build some very nice apartments on the site. One option to explore, among others, is 6 x 100 square metre apartments. Talk to the planners at the City of Kalamunda, or we can set you up a meeting with a sub-division expert if you would like more details on how this could be achieved.

For more information please contact 9475 9622

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.