If you're an investor, a developer, or a prospective homebuyer seeking a property with a spacious plot of land, then this opportunity is tailored for you. Situated on an expansive 1012sqm block and zoned R60, this property holds promising potential for astute investors and developers, with the possibility of obtaining approval from the local council for the construction of up to 6 townhouses in the future. Currently under a periodic tenancy, the property generates a rental income of $380 per week, with the potential to get a higher rent around $430 to $480 after some improvement. This presents a unique chance to earn rental returns while strategizing and planning for future development or long-term landholding. The existing residence offers, three generously sized bedrooms, a spacious kitchen with ample cabinetry and countertop space, a dining area that flows seamlessly to the outdoor space, and a sizable games or TV room � perfect for enjoying movies with your loved ones. The extensive backyard provides a safe area for children and pets to play, complemented by a spacious shed that offers storage for gardening tools and miscellaneous items. Conveniently located near various amenities, the property is just a brief stroll from the Aldi supermarket and a short drive from the Mandurah train station, Mandurah foreshore, and Mandurah forum. Key Features: � 3 bedrooms and 1 bathroom � Expansive living area � Well-appointed kitchen with abundant storage � Additional games room or secondary living space � Large backyard featuring a shed Additional Information: � Land area: 1012m2 � Approximate floor area: 164m2 � Year built: 1974 � Zoning: R60 � Water Rates : $1235 approx � Council Rates : $1850 approx Don't let this opportunity pass you by. Contact Gopika today to schedule a viewing or to submit an offer. Disclaimer: Some pictures are for illustrative purposes only. This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgment about the information included in this advertisement. LJ Hooker Mandurah provides this information without any express or implied warranty as to its accuracy or currency.