231 Albany Highway, Mount Melville WA 6330

MYRIAD OPTIONS FOR SHREWD BUYER

You’ll get a lot of property for your money and excellent potential for adding value to your investment if you’re the astute purchaser of this sizeable real estate within walking distance of town.
It consists of a tidy 1940s fibro and tile cottage with terrific views from Mt Clarence to the Porongurups, on a corner block of 994sqm with two-road access.
First home buyers looking for an affordable property to settle into, developers with an eye for a sound financial project and investors recognising the prospect of lucrative rental returns will be attracted to this real estate, which also has potential for subdivision.
The home as it is needs modernisation, but it has a good structure, and original features such as jarrah floorboards and high ceilings work as the basis for a charming character home.
Living areas comprise a lounge and deck at the front and a sunroom at the back. In addition, there are three double bedrooms, a bathroom with bath and shower, a separate toilet and an updated white kitchen with gas cooking and space for a meals table.
Adjoining the house is a fenced area for kids’ playtime, and beyond that, a single garage in a separate rear section.
The block is a major drawcard as there’s enough land for building a serious trades shed and still having ample space for recreation, chooks, veggies and fruit trees. It also lends itself to subdivision or development of multiple homes, the easy access from a driveway on the side road being a real bonus.
Another plus is the location only 1.5km from town and within easy reach of schools, eateries and entertainment. For investors, this tenant-friendly aspect promotes good rental returns – the property is leased until July 2022 at $315 a week.
For developers, leasing the house during the planning phase would bring additional financial benefits.

What you need to know:
- Fibro and tile home
- Corner 994sqm block with two-road access
- Suit first home buyers, developers, investors
- Subdivision potential
- Terrific outlook from front of home
- Lounge, sunroom, front deck
- Three double bedrooms
- Bathroom with bath and shower, laundry, separate toilet
- Space for building a big shed
- 1.5km from town
- Leased until July 2022 at $315 a week
- Council rates $1,808.21
- Water rates $1,463.12