DEVELOPMENT BLOCK RARE R50 ZONING. 913 m2 approx. LAND FOR YOUR PROJECT RENTABLE / LIVEABLE HOUSE INCLUDED. Options aplenty. This property could easily become a wealth builder for the new owner. Live in this large rustic brick and tile home from Nollamara's early days, with its retro feel, character features and generous proportions. Make your home your investment nest-egg. With R50 zoning, this land will always be valuable and in demand by the development industry keen to take advantage of the potential to create 5 separate lots (Subject to WA Planning Commission approval), all with street frontage to Monterey Court. Options include: * Demolish and redevelop as townhouses * Live in it and love it, put in some fruit trees, bide your time and sell to developers to fund your retirement. * Rent out the home while waiting for the Perth real estate market to emerge from its slumber, then sell or develop. * Retain the home while undertaking a partial subdivision, sell off two blocks to bring the mortgage right down, then complete the full subdivision later on. With all options on the table, only you can decide which way to jump, but one thing's for sure: you will need to move decisively as there will be competition to get hands on this prime piece of development real estate located within 9 kilometres of one of Australia's most liveable capital cities! A unique piece of real estate, when it's gone, it's gone! Monterey Court is a quiet cul-de-sac yet with bus routes past the door on Wanneroo Road, and just 250 metres to Northlands Shopping Centre and Tavern. 3 Monterey Court offers: * Polished timber floors * Appealing alfresco and lawned areas * Fenced off future landbank area * 3 split system airconditioners * Galley kitchen * Dining/meals area * Spacious formal lounge * 3 bedrooms plus a sleepout * Home office potential, work from home * Bore reticulation, automated * Easy care native gardens to front areas NBN is here. Disclaimer The particulars and photographs shown on this website are supplied for information only and shall not be taken as a representation in any respect on the vendor or the agent. The information, opinions and publications available on this website are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. 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. 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.