Forrestfield

SOLD

bed3
bath1
bed2
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate
  • Property for sale in Forrestfield : Porter Matthews Metro Real Estate

SOLD - Developers Mega Deal (or Very savvy first home opportunity)

1 Hood Street, Forrestfield

Not only is this home perfectly positioned on a corner block with R25/R40 zoning, but this could actually be a double dip developer opportunity. I'll explain:

Step One:
As you may already be aware, corner blocks in the Kalamunda City with dual zoning are qualified to use the higher density, in this case R40. And in this particular case that allows for a brand new, street front block to be created, without any need to demolish the existing 3 bedroom, very rentable home. This fact
Not only is this home perfectly positioned on a corner block with R25/R40 zoning, but this could actually be a double dip developer opportunity. I'll explain:

Step One:
As you may already be aware, corner blocks in the Kalamunda City with dual zoning are qualified to use the higher density, in this case R40. And in this particular case that allows for a brand new, street front block to be created, without any need to demolish the existing 3 bedroom, very rentable home. This fact alone makes it an awesome buy before I even tell you about step two!

Step Two:
After the new block is created, you will still have a really lovely 3 bedroom home sitting on the remaining land, which depending on how you did the subdivision, should be approximately 450sqm.
The beautiful part is, this remaining block is now still a corner block, with R25/R40 zoning. So you can put this away for now and when you're ready, if you please, subdivide it AGAIN into two more blocks!

It's amazing and there are other options too, the above description is just a favourite of mine but we can help you work out other cool uses (including apartments) and we can also put you in touch with a team of sub-division experts who can advise you further on what can be done and what the limitations might be.

But even if you aren't interested in any of that, you might also just love this home!
It's immaculately cared for, has a great outdoors entertaining area, corner side access, brilliant workshop, spacious front living room with LED down lights and is legitimately a wonderful home even if you don't care about the amazing development options.

Don't sleep to long on this one, get in touch with The Mitchell Brothers today to find out more!

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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Property Features

Air conditioned Air conditioned
Bathrooms 1
Bedrooms 3
Garage 2
Water Closets 1

Property Summary

Type : House
Land Size : 700 sqm

Nick Mitchell

M: 0415833131

E: nick@pmmetro.com.au
P: 089475 9622

Alex Mitchell

M: 0404122943

E: alex@pmmetro.com.au
P: 089475 9622

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