69 Owtram Rd, Armadale
Land Banker ? Developer? Investment in your future? House - Property ID: 563441
This 1975 sqm block with a traditional style 3 bedroom home in place is ripe for development. Zoned R15/40 you have a property which lends itself for demolition of the existing home and development and /or renting it out until you are ready to start this development. Within walking distance of the town centre and all its amenities as well as public transport the area lends itself to multiple dwelling development or if you think outside the square box subdivision with a reduced number of dwellings which may command a higher price. The shire council does have plans in place though no time frame for the development of a road at the rear of the block which will of course increase the value and usability of the land when it occurs. If you are just looking for a house on a huge block for the family this will also suit but the pricing has taken into account the future potential for development.
The area which is better known as the 'golden triangle' due to its proximity to services and major arterial roads is one of the faster selling areas in the shire due to the zoning and development potential of the land.
The brick and tile home is a solid comfortable 3 bedroom house which may need some work if retention is part of your plan. All rooms are a good size though the kitchen and bathroom would benefit from some renovation as they do have dated fixtures in place. The house is airconditioned with an alarm system and allows rear access to the rear of the block. There is a large patio at the rear of the house which increases enjoyment of the home with an increase in living space. At the rear of the property is a large free standing powered office or games room which again increases the living space of the property though this would need to be removed for development.
The land behind the house has not been developed and has a mild slope with small retaining. Older structures such as pergolas,garden sheds and an unused old above ground swimming pool remain in place and are easy to remove for development.
For inspection and due diligence call Julie on 0409881020.
- Land Size Approx. - 1975 m2
- Close to Schools
- Close to Shops
- Close to Transport
- Secure Parking
- Formal Lounge
- Office/games room