UNDER OFFER

Spacious 732m2 Block | Solid 4 Bedroom House | Prime Location

If you're looking for a solid property with fantastic development potential, this 4-bedroom, 1-bathroom home in Kenwick is just what you've been waiting for!

Situated on a generous 732m2 lot with R20/R30 zoning, this property offers incredible flexibility for investors, developers, and homeowners alike.

Investment Appeal

With an estimated rental of $580 to $610 per week in today's market, this property represents a sensible investment decision. An excellent "set-and-forget" with immediate income.

Development Potential (Subject to Council Approvals)

The opportunities here are extensive, and the choice is yours:

• Keep the Current Home: Retain the existing 4-bedroom residence, subdivide the land, and build an additional home at the back. An ideal setup for dual-income potential.

• Build a Granny Flat: Capitalize on the spacious backyard by adding a granny flat. Perfect for extra rental income, multigenerational living, or guest accommodation.

• Demolish & Rebuild: Start fresh by subdividing the block. You can build two brand-new homes to sell, lease, or live in.

• Subdivide & Sell or Build: Subdivide the land into two separate lots. Sell both lots, or build a new home on one lot while selling the other as vacant land.

Property Features:

This well-maintained property boasts practical features and plenty of outdoor space, including:

• Evaporative Air Conditioning: Beat the summer heat and stay comfortable with cost-effective cooling.

• Large Backyard: Ample room for family gatherings, play areas, or future development, along with a shed for storage or hobbies.

• Extensive Parking: A Carport for 2 vehicles plus additional open parking for 2 more cars, ideal for families with multiple cars or guests.

• Wide 20.5m Frontage: Provides added flexibility for development and maximizes the value of the block.

Prime Location (Distances Are Approximate)

• East Kenwick Primary School: Just 450m away, making school runs a breeze.

• Rehoboth Christian College: Only 650m from the front door.

• Kenwick Train Station: Located just 1.6km away, providing quick and easy access to public transport for city commutes or weekend trips.

•• This property is currently tenanted until April 2, 2025, bringing in a steady rental income of $530 per week.