16 Argyll Street Gledhow WA 6330
LIFESTYLE/INVEST/POTENTIAL AGED CARE SITE16 Argyll Street, Gledhow
Looking at the property as is, you see a generous opportunity, with the existing main house a character filled, partially refurbished and comfortable place to exist; and the separate two bedroom chalet style home an opportunity to generate a good rental income or house those independent teenagers. Even if you wanted to lease both dwellings, these have the potential to earn over $500 per week rental returns.
If that is all you are after, space to move and a private environment- then you are on to a winner. But what makes this property sparkle even more is the approved sub division that allows you to undertake a development on the 22 lots all at once, or step more gradually, taking palatable bite size chunks to develop one section at a time and start the next stage.
Those looking to capitalise on the baby boomer population may consider this site for potential aged care facility. Subject to City Of Albany approval this site would be ideally suited to build an aged care estate.
So let's start with the main house, which rocks its decor of rustic chic to provide a country style feel, and warm, well flowing spaces. Entering via the patio area, you discover the country kitchen, with jarrah floorboards, overhead shelving, a handy island bench and decadent walk in pantry. It gazes into the dining area which is enhanced by a rich blue feature wall and is kept temperate by a reverse cycle air conditioner.
Step down into the formal lounge room and family area which runs the full length of the front of the home and features extensive glazing that lets the natural light flood in and allows the area to peer over the lush gardens beyond. Decorative lighting adds a little extra pizzazz to both areas.
The first of the bedrooms leads from the dining area, a king sized space with near new camel toned carpet, rich purple walls and a huge walk in robe.
Two more bedrooms are located down a central hallway, two queen sized rooms with robes.
Terracotta tiles with feature mosaic sections lead you into the homes laundry, which features additional storage and leads to the bathroom.
Sunny yellow tones make bath time extra cheerful, the wood surrounded deep bath bliss for soaking in, while a separate glass shower, toilet and corner vanity make the space dynamic and practical.
Beyond the back patio and huge grassy yard that is flanked by shady tall timber, you can cross the block and reach the second dwelling on the property.
Stepping into the second home you are welcomed into an older style entrance area, dining and lounge room before flowing into the older style kitchen and separate bathroom. One king size room and one double size lead off of the living areas. It has been part refurbished; with some painting, carpet and venetian upgrades and can fetch a handy rent of around $200 a week as is, while still retaining a sense of privacy.
A huge powered shed and double bay carport complete the current features of the property.
Here is where the savvy investor will prick their ears up- the entire block is approved for up to 22 lots with pre approved road frontages and all services connected and ready to go. You can stage the development in a manner that allows both of the existing homes to generate income (or house yourself) while you undertake the redevelopment, end then enjoy the spoils of your labour.
If you're even looking for a lifestyle property and just want a few acres, it's ideal to run a few animals with good water supply and pasture. So overall you have a bit of everything which makes with property ideal in every aspect.
What you should know:
- 4.94 acres, two existing homes
- Approved 22 lot sub division
- Services connected, 4km from CBD
- Huge shed, dual access
- Suit retired farmer
- Potential aged care site
- No inspections scheduled
- Contact Agent
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Real Estate For Sale in Gledhow, WA 6330 priced between $690,000 and $1,290,000