Charming Family Home OR Big Profit Maker – Could you Make $300,000 in less than 1 year Here? Lets run the Sums!
Triplex Corner – 771m2 r25 – with Charming 60s 3×2. Subdivide and Prosper or Family Bliss.
220m2 spare to the northern side of the house.
320m2 spare to the southern side of house with garage and patio trimmed.
Various Development options are as follows:
1. DUPLEX OPTION A – Retain existing 3×2 and create a new block to the southern side with its own street frontage onto Deering street. This block would be approx. 300-320m2 and it would be capable of a 2-2.5 storey house, something like a 4×2, 4×3 or 5×3 or similar.
2. DUPLEX OPTION B – Retain the existing house on 561m2 and keep entire backyard, side access, gardens, garage and create a new block of 210m2 on the northern side utilising a portion of the existing front gardens. This 210m2 block would then be capable of a 2×2 or 2×1 House under current zoning rules. The main house could be extended or have a granny flat added onto the 561m2 block.
3. TRIPLEX OPTION A – Split the existing house into two mini-houses like a 2×2 or 2×1 each and then create a third block big enough for a 4×3 on the southern side, 3 properties all with street frontages.
4. TRIPLEX OPTION B Retain the existing 3×2 house on 300m2 and create two new blocks, one a 290m2 block(southern side), the other (northern side) a 181m2-200m2 block. This may be the most profitable and quickest simple option – Retain Building, create two blocks OR retain and build 2 new homes for a super profit.
Crunch the numbers and see if you can come up with a profit scenario in excess of $200,000. Not bad for potentially under 1 years work. That’s a good hourly rate!. If you need recent sales advice of homes please call
The block is on an elevated site, with TWO street Frontages on to both Deering street and Dixon Street. The current yards benefit from 3 fig trees, 3 types of table grapes, 1 white, 2 red. There is also a lemon tree, dahlias and rose bushes, all well reticulated.
The Family Home Second owners only and very well kept, the home is double brick and tile and exudes charm with its high ceilings with ornate cornices, travertine front faade, skirting boards, plus there are jarrah floorboards waiting to be exposed. You can have breakfast and read the paper or a magazine on the east facing front porch (30m2 approx, tiled and nice and wide) and later in the day have a glass of wine or a cup of tea under the southwest facing back patio and enjoy the see breezes.
The Rooms
- 3 big bedrooms, 2 with fans, each with ducted aircon.
- Formal lounge room at the front of the home that overlooks the colourful front porch area and onto the rose gardens. This is a well lit room, it’s spacious and flows onto the dining room
- Dining room with a north facing window and flowing onto the kitchen through the servery
- Kitchen overlooks the backyard and the dining room, it has electric stove cooking and an electric oven, 1960′s style antique arch cabinetry work.
- Massive family room which can play host to a big party or just the thriving hub of family life, this runs half the length of the house and is an enormous space with plenty of windows onto the backyard.
- There are 2 bathrooms, the first of which has both shower and separate bathtub, the second bathroom has a shower and vanity unit. Adjacent to both bathrooms are the 2 toilets.
- Single remote controlled garage fully powered with room for a workstation or fridges and freezers.
- Undercroft Wine Cellar built underneath the cool limestone foundation blocks – use this to cellar your wine, for a teenager hangout or simply to store bulk goods.
Overall house features:
- Ducted evaporative air-conditioning
- Rollershutters
- Flyscreens
- Solar hotwater
- Solar electricity
Walk to:
- 3 primary schools all within 500m
- York Street shops (Beaconsfield Plaza – corner Lefroy rd and York Street) including an Italian Bakery, Smallgoods shop, IGA, newsagency, Caf, doctors surgery, Beauty Salon, Patiserrie, Indian Restaurant, Florist.
- 5th Avenue caf
- Fremantle Farmers Market (Lefroy Road Sunday mornings)
- South Fremantle Swimming Pool
- South Fremantle TAFE
- South Fremantle High School
- Shepherd Street Sportfields, Oval football and Lawn bowl clubs.
- Circle Route bus which visits all the major universities and qe11 Medical Centre as well as Murdoch and Fremantle Train Stations.
Ride to:
- South Beach
- Fremantle Caf Strip
- Planet Video
- Booyembara Park
- Paget Street Patisserie and Cafe
Bus to:
- Fremantle CBD and Train Station
- Murdoch Train Station, Fiona Stanley Hospital, Murdoch University, UWA + QEII (fr. south st)
Call today.