If the property market was compared to the punters paradise that is Las Vegas, this property would be about as far from the roulette table as you can get, offering a sure bet for making money whether you are after a short term win, or a long term retirement booster.

Looking at the property as is, you see a generous opportunity, with the existing main house a character filled, partially refurbished and comfortable place to exist; and the separate three bedroom chalet style home an opportunity to generate a good rental income or house those independent teenagers.

If that is all you are after, space to move and a private environment- then you are on to a winner.

But what makes the deal sparkle even more is the newly approved sub division that allows you to do both be daring and undertake a major development either 18 larger than average lots or 22 slandered lots all at once, or step more gradually, taking palatable bite size chunks to develop one section at a time and start the next one with the profits of the one before it reducing your overall costs.
Also available to the new owner design work for 18 lots completed drought approved in principle by all the appropriate authorities ready to be lodged for formal approval once minor adjustment are made. This means you can have lots for sale in a few moths eliminating some holding costs and get a quicker return on your investment.

Let’s start with the main house, which rocks its decor of rustic chic to provide a country style feel, and warm, well flowing spaces.

Entering via the patio area, you discover the country kitchen, with jarrah floorboards, solid wood bench tops, overhead shelving and decadent walk in pantry. It gazes into the dining area which is enhanced by a rich blue feature wall and is kept temperate by a reverse cycle air conditioner.

Step down into the formal lounge room and family area which runs the full length of the front of the home and features extensive glazing that lets the natural light flood in and allows the area to peer over the lush gardens beyond. Decorative lighting adds a little extra pizzazz to both areas.

The first of the homes bedrooms leads from the dining area, a king sized space with near new camel toned carpet, rich purple walls and a huge walk in robe. Two more bedrooms are located down a central hallway, two queen sized rooms with robes.

Terracotta tiles with feature mosaic sections lead you into the homes laundry, which features additional storage and leads to the bathroom. Sunny yellow tones make bath time extra cheerful, the wood surrounded deep bath bliss for soaking in, while a separate glass shower, toilet and corner vanity make the space dynamic and practical.

Beyond the back patio and huge grassy yard that is flanked by shady tall timber, you can cross the block and reach the second dwelling on the property.

Stepping inside the unit, you are welcomed into an older style entrance area, dining and lounge room before flowing into the older style kitchen and separate bathroom. One king size room, one double size and one single lead off of the living areas.

The unit has been part refurbished, with some new paint, carpet and venetians and can fetch a handy rent or around $200 a week as is, while still retaining a sense of privacy.

A huge powered shed a double bay carport complete the current features of the property.

Here is where the savvy investor will prick their ears up- the entire block is approved for up to 22 lots with pre approved road frontages and all services connected and ready to go.

You can stage the development in a manner that allows both of the existing homes to generate income (or house yourself) while you undertake the redevelopment, end then enjoy the spoils of your labour.

With the first home buyers grant for new homes increased and the property market on the up once more, now is the time to put your money on the table and grab this sure bet!

What you should know:
- Spacious property, two existing homes
- Approved for up to 22 lot sub division
- All services connected
- Huge shed, dual access
- Just 4 kms from CBD