A property developer or a buyer keen to renovate a character home will snap up this appealing real estate for its big block, prime central location and excellent prospects for capital growth.

The fibro and tile home, built in the mid-20th century, is in need of work but it has some attractive period features and generous rooms.

Removing the house, though, would present a blank canvas on which to build a substantial contemporary home to live in or units to sell on or rent out.

The block of 1015sqm fronts Alicia Street and also has access from Elizabeth Street at the rear.

It takes in a lovely outlook as far as the Porongurups, and it’s a short stroll to cafes, major shopping centres and all the vibe and activity on York Street.

The land is almost level and mostly in grass with a few mature trees in the back yard and a double garage with power at the side.

Jarrah floorboards, high ceilings with decorative cornices and generous rooms characterise the inside.

A big lounge at the front, with a picture window to take in the view, leads onto the dining room and sizeable kitchen at the back.

Along a hallway are the three double bedrooms, all with built-in robes, and the bathroom. Like the kitchen, this needs a complete makeover but it’s a good-sized room.

Along the back is a veranda with access to a toilet and laundry and there’s a patio at the front for sitting out and admiring the view.

A block of this size near the CBD is a rare find, and this one is in a varied and attractive streetscape of character homes.

Discuss with Jeremy Stewart the many possibilities presented by this well-located property.

What you need to know:
- 1015sqm block
- Two-road access
- View to Porongurups
- Ideal for development – build a new home or units
- On the edge of the CBD
- Easy access to cafes, shops, nightlife
- Fibro and tile home in need of work
- Character features – jarrah flooring, high ceilings
- Generous rooms
- Lounge, dining room
- Three double bedrooms with built-in robes
- Bathroom, kitchen, laundry
- Grassy block mostly level
- Double garage with power
- Excellent prospects for capital growth