Offers from $ 199,000 will be seriously consideredThis large 1230 square metre block with a four bedroom, 2 bathroom home, zoning of R15/20, two road frontage property is on the market.Are you after a project which with some hard work and vision will see you acquire a property at fair value with the potential to value add.This home is well suited to a First Home Buyer who is prepared to freshen up the inside of the home, tenant it out or live in it themselves. The next stage would be to consider sub-dividing the block and either Sell the vacant block off or build another home on that block to again tenant out, Sell or live in.The property has WA Planning Commission approval for a Survey-Strata Plan which is valid to 29th June 2010.You can do the maths and work out that your percentage yield on this property should be favourable with the added advantage of capital gains and potential to sell off one parcel of vacant land. I will challenge you to find a better value property currently on the market.Please do not hestiate in contacting Elders Real Estate to organise an inspection.