73 Palmerston St St James
Approx 784M2 Zoned R 40 POTENTIAL LAND FOR DEVELOPMENT!

An antique 1957 home with 4 bedrooms 2 Bathroom and 3 Car space family home with just 3 minutes’ walk to Santa Clara Primary School. Less than 5 minutes’ walk to Warwick park, and transport. Situated in a quiet street with great location. Close to bus stops, few minutes’ drive to Curtin University and South Metropolitan TAFE . Just minutes away from the favourite eatery place, Victoria Park Town Centre or Sothern Hemisphere largest shopping centre, Cannington Carousel Shopping Centre, and sporting facilities. This is a rare opportunity to get this Gem!

Homeowners
Take the advantage of this historically low interest rate to own this block. It is ready to move in and stay, with or without renovation needed. As the property market is moving up the trend, grab this opportunity before it hits too high. Giving your children an opportunity to attend one of the best schools in Perth, Santa Clara Primary School. There is a huge concrete store house in the back yard for storage or simply for your pets to live in. You have plenty of rooms to rent out if you are a couple, enjoy passive income.

Investors
Invest in this beautiful block for future potential development while enjoy historically low vacancy rental rate. Currently, Perth’s vacancy rental rate is 0.8%; rental properties are in great shortage! St James is one of the most sought-after suburbs in Perth after the McGowan Government unveiled the $50Million plans to build an “iconic” pedestrian and cycle bridge stretching hundreds of metres across the Swan River from Victoria Park! St James is the more affordable suburb next to Victoria Park.

Currently, the house is leased to periodic tenants with approx $700/week rental with live in owners!! Generating a rental yield of more than 5% NOW is definitely better than putting your money in the bank! You may subdivide into 3-4 lots of land for sale or with house and land package deal! Start you first master piece here and fulfil your developer dream!

Tenants
Why rent when you can own a property? Why pay your landlord’s mortgage when you can pay yours? The rental prices are expected to go up by 20%. Be secured, own your property so that you do not have to worry about the threat of the rising demand in rental properties.

Location, location, location!
Santa Clara Primary Schools and Warwick park are just within 3 minutes’ walking distance. It saves lots of headaches from sending and fetching kids to school especially ideal for those with both parents work. This Gem has plenty of space for outdoor activities at the back yard! The structure of the house is excellent, and the new owners still can enjoy many years of stay in this cosy dwelling place.

Approx distance from Schools and Shopping Centres:
andbull; Santa Clara Primary School, 0.09km
andbull; Bentley Primary School,0.64km
andbull; Curtin University, 1.4km
andbull; Canning College,1.4 km
andbull; Kent Street Senior High School, 2.63km
andbull; Westfield Carousel, 4.9km
andbull; Bentley Shopping Centre 1.8km
andbull; PERTH CBD 9km

The property market is at its peak since 2008. Property prices are set to increase by 12%, according to an analysis by ANZ, and up to 18%, as per the Chief Economist at WestPac, Bill Evans. Additionally, rent rates are going to increase by 20% (REIWA). According to JLL WA strategic research manager Ronak Bhimjiani, the Perth property market had more room to grow. “If there is any capital city across Australia that you’d like to bet on, where you ll see the strongest house price growth, it would have to be Perth,” he said.

Be quick to take full advantage of the incredible opportunities of the current market which are never seen before- extraordinarily strong rental market, low interest rate, prices are low. According to Reiwa, Perth’s residential vacancy rate has continued to fall hitting 0.8% and reaching the lowest levels over the past 40 years. Do not delay. Call us for a friendly chat on how this opportunistic market can set you up streets ahead of others in your investment.

CALL Sharon Lau at 0450 543 188 today!

Any queries about this property or if you would love a FREE MARKET APPRAISAL WITH FREE MARKETING for your home, please do not hesitate to contact Sharon Lau on 0450 543 188 or Tris Ang on 0404 820 888.

DISCLAIMER: Whilst every care has been taken with the preparation of the information believed to be correct in the advertisement, neither the Advertiser, Agent nor the client nor servants of these, guarantee its accuracy. Interested parties must make their own enquiries and satisfy themselves with any aspect. The information contained are not intended to form part of any contract. Images are for illustrative purposes only. Users of this advertisement must do their own due diligence and absolutely no liability and/or no responsibility will be assumed by the Advertiser/Agent/Associated Parties etc.