8-10 Lawley Street, West Perth WA 6005

UNDER OFFER by Scott Fletcher - Realmark Urban

SORRY! UNDER OFFER - SO, HOME-OPEN CANCELLED
What to love…
Rare opportunity to acquire a pigeon pair of homes, EACH with 2 bedrooms, 1 bathroom and 2 toilets, known respectively as 8 and 10 Lawley St, West Perth. That's right, two well-kept, semi-detached, character homes under one roof, on ONE TITLE. Each have their own street frontage, separate entrances, street numbers and fully fenced north-facing rear yards, and located in a fabulous spot, right across from Perth Soccer Club playing fields. What more could you possibly dream of than buying your own home to live in and knowing that you can rent out your other neighbouring-side to whoever you wish, with solid rental income helping to pay off your mortgage. Or better still. buy together with mum, dad, a sibling or even your best mate and reduce your total outlay by half by investing in a fabulous property.

Two other options are to either modify and open up in to one big family home and utilise the 4 bedrooms 2 bathrooms, 2 living spaces and 2 toilets, OR simply demolish and develop new townhouses. Great investment and lifestyle opportunity whichever way you look at it with options aplenty. Astute purchase for the right buyers, comprising 498sqm of prime inner-city land, close to everything,

What to know…
Constructed circa 1930, these semi-detached homes ooze the typically attractive character and charm of the era, with long hallways, high decorative ceilings and cornices, some leadlight windows, a couple beautiful fireplaces, picture-rails, and original timber floors.

Both 8 and 10 have similar classic features and benefits including:

- Spacious, voluminous bedrooms and lounge rooms (refer to floor-plan)
- Both bathrooms and kitchens are in good condition after being restored in 2007
- A single reverse cycle split air-conditioner in the lounge room and a dishwasher in the kitchen
- Gas connected for cooking (cook-tops), heating and Hot Water Systems
- There are 4 toilets in total; 2 in each home. One in each bathroom and one separate off the rear laundry areas.
- Each side has a rear paved courtyard with grassed area and could be opened up to one bigger area if used and converted in to one big family home.
- There is potential for off-street parking at the very front of each home or at the rear via number the right of carriageway/driveway up the side of number 8
- The drive-way down the side of the home forms a part of the this block of land and is included in the lot-size of 498sqm. It is a designated right of carriage-way for this property and for another property positioned at the rear, which fronts Bulwer street. This means, the driveway/right of carriageway portion of the land cannot be built on.
- The land is zoned Residential R80 with a potential three story height limit on any future re-development of the site.
- This property is not heritage listed.
- Potential to develop townhouses according to the City of Vincent (27/09/2022)
- To be sold with vacant possession, “as is, where is”
- Market opinion on the rent is estimated to be approximately $500 per week for each home, totalling approximately $1000 per week in potential rent return (factor in a 5-10% variance)
- Strong demand for these affordable character homes on the rental market in such a highly attractive lifestyle, inner-city location boding well for investors.

This really is as rare as hens teeth. Rarely do we find two homes like this, of this style and era, on just one title. So - therein lies the opportunity.

Who to talk to…
Call Scott Fletcher on 0412 181 122 for further enquiries and to arrange a private viewing, or simply refer to the advertised home-open time and I will see you at the property.