Sold for $800,000
Sold for $800,0003 Hunston Street, Balcatta WA 6021
•
Property was sold on 23 December 2022.
Sold on 23 December 2022.
5 beds
2 baths
5 cars
House
900m²
5
2
5
•
House
900m²
Property Features
TWO Rental Incomes!! Multi-site Development Block No Brainer Money Maker! Develop? Retain & Build? Rent? Large Multi-site Development block (potential for 4 units STCA) with TWO Separate Investment Houses to rent out in the meantime! If you’re looking for a fabulous block to subdivide and develop OR retain and build and, in the meantime, you also want to reap the rewards of today's booming rental incomes before demolition, this could be the one for you! Conveniently situated in one of the most family friendly suburbs within 10Km of Perth CBD, with everything this attractive location has to offer in terms of proximity to: public transport into Perth CBD via Wanneroo Rd, access to local shops, schools, parks, Mitchell Freeway / Reid Highway AND live just 20 mins to Perth Airport for FIFOs, this could be the opportunity you've been waiting for! Call TODAY to register your interest so you don't miss out. With this combination of subdivision potential PLUS outstanding rental income from TWO houses it’s a no-brainer! THE FACTS: Block: 900sqm / R40 site attractively elevated from the road facing East/West to maximise natural sunlight in the new builds. City views from a potential second storey dwelling. Main House: Original 3 x 1 house in rentable condition with decent sized living area, bathroom with bath tub, separate shower and single vanity, separate Kitchen with built in meals area and a separate Laundry Rear House: 2 x 1 house in rentable condition with decent sized living area, bathroom with bath tub and single vanity plus a separate Kitchen overlooking a beautifully maintained garden. The front and rear houses have their own gas and electric meters. FIVE OPPORTUNITIES to MAKE MONEY!!!! 1. Subdivide and develop the block NOW and cash in on today’s booming housing market. In this location, being within WALKING distance to local shops, buses into the City and parks, you’ll sell the new units for TOP DOLLAR! 2. Subdivide the whole block now, but don’t build, and cash in with EVEN HIGHER SALES RETURNS by selling off each new lot separately 3. Rent out BOTH houses immediately and MAXIMISE cashing in now as well as later when you subdivide! 4. OCCUPY the Main House yourself and rent out the rear house to earn yourself a steady PASSIVE INCOME in this BOOMING rental market. Then subdivide later down the track and cash in then as well 5. Retain one or both current houses and build at the back This versatile opportunity won’t last long with all the savvy investors and astute developers in the City of Stirling! CONVENIENT LOCATION: EVERYTHING you need is right here at your doorstep: SHOPS, BUSES, SCHOOLS, PARKS, CAFES AND FREEWAY/HIGHWAY! 200m Buses on Wanneroo Rd into City 300m Northlands Shopping Mall (Coles Supermarket etc.) 600 Rickman Reserve 900m Takari Primary School 1.5K Balcatta Primary 2.5Km Balcatta Senior High School 5.6K Yokine Shopping Centre 5.8Km Westfield Shopping Centre Innaloo 7Km Karrinyup Shopping Centre 1.3Km Reid Highway 3Km Mitchell Freeway 10Km Perth CBD 20Km Perth Airport via Reid/Tonkin Highways LIKE WHAT YOU SEE? Call Brian McKiernan TODAY and register your interest so you don't miss out! Disclaimer: The information provided here has been prepared with care, however it is subject to change and cannot form part of any offer or contract. Whilst all reasonable care has been taken in preparing this information, the seller or their representative or agent cannot be held responsible for any inaccuracies. Interested parties are advised to make their own independent enquiries.