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Close to Morley City Centre, around 800 metres walk from Galleria. Development opportunities like this are rare. Zoned R25, this property of approximately 791 square metres can be subdivided into two lots (Subject to WAPC and Council approval processes). Consider these two scenarios: <br/><br/>Firstly, demolish the 1971-built 3 x 1 brick and tile home so as to create more or less equal sized lots of 395 square metres each.<br/><br/>Secondly: Think about retaining and renovating the existing home whilst creating a lot at the rear of approximately 300 square metres. <br/><br/>Each option has merit, it's up to you to chart your course. The corner block enables each property to be developed with street frontage and its own driveway access off Tilford Place for both lots (subject to confirmation with City of Bayswater and WAPC at subdivision application stage). No battleaxe driveway, use all of the space for development.<br/><br/>Being located opposite Tom Cameron Park, the other highlight is that this property is just 1 kilometre (approximately) from the proposed and under construction Morley Metronet Train Station. Bonus! Proximity to a train station is a big driver of property prices in modern cities. And we all know that proximity to Morley Galleria regional shopping centre is a big driver of property prices within the suburb of Morley. This property sits midway between those two major drivers. Have you seen a better opportunity than this recently?<br/><br/>The house: Currently generating a rental income of $400 per week with tenants keen to stay on. <br/>For those keen on the retain and build option, this is a very sound house with 3 bedrooms, 1 bathroom, open plan kitchen/dining and a lounge/entry hall. There is an enclosed single garage and evaporative ducted air conditioning. The fabric of the place is pure 1970s so it will take a little drive and imagination to bring it back up to a good modern standard, but the structure is there and it might well be worth the effort to create a great rental property at the front whilst building new at the rear.<br/><br/>Also at the Northern boundary of the site is a fabulous brick garage / workshop of approximately 70 square metres floor space which would be worthy of retention but might need to be removed as part of the subdivision process.<br/><br/>Your Senior Sales Representative is Peyal Jayatilaka. For an open and honest chat about this opportunity, give him a call on 0412 244 868.<br/><br/>Covid-safe: House Proud Realty staff are 3x vaccinated. Bring a mask to home opens and scan the SafeWA QR code.<br/><br/>Disclaimer<br/>You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions. The details and photographs shown on this website are information only and in isolation should not be relied upon as fact or as a true and precise depiction of the nature of the real estate being presented. Lot sizes and house sizes are always approximate and should be confirmed by official sources. Information, opinions and publications available on this website are broad guides for general information only and buyers are best served by using this general information as a starting point for their own further inquiry. The material on this website is not and should not be regarded as legal, financial or real estate advice. Users should seek their own legal, financial or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided.
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