Investment opportunity +++

In a booming property market it’s getting harder and harder to find opportunities like this. When a property comes along that has the potential for a 4 lot sub-division, a convenient corner block, multiple income streams and family friendly versatility it’s never going to last long.
7 Kathleen close Maida Vale incorporates all the above benefits and so much more. It’s also perfectly placed in a quiet Cul-de-sac street within close proximity to the new Maida Vale shopping Centre and the new Airport train link. Add in the simple access to Roe Hwy, a fantastic local school, a public golf course and right at the foot of the Kalamunda national parks and this is going to tick boxes for investors and homebuyers alike.
The 1289sqm block zoned R12.5/R30 is also a corner meaning it meets one of the major requirements for the City of Kalamunda to utilize the higher R30 zoning. Already being connected to deep sewer should make this an easy 3 lot subdivision but technically you could also apply for 4 lots here. With the Building industry just starting to catch up with demand, we are probably heading into a good time to start thinking about developing again.
Some of the other extras this property boasts are:
– below ground swimming pool
– Huge patio area
– Double lockup garage and double carport (4 cars undercover)
– Ancillary dwelling for extra rental income, Air BNB, the elderly parents or teenagers retreat
– Large family 4 x 2 with multiple living spaces
– Updated kitchen.
– 1 bathroom already renovated
– Ducted air conditioning
– Outdoor BBQ area.
This property currently has a terrific long term tenant paying $600p/w who would ideally like to stay on. Realistically this property could achieve a higher yield but the owner has looked after the tenant as they have been there for 7 years.

If you’re looking for that fantastic money making opportunity or somewhere to call home, this property is worth a look.

Contact Glen Newland for more details and to book your inspection.

Note: if you’re buying this property for development you should contact your surveyor and the city of Kalamunda in regards to the suitability of this property for your needs. All development potential on all properties is always subject to the approval of the relevant authorities and the Buyer doing their own due diligence and investigations into the potential sub-division.

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.

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Property ID: 1291105