FOR SALE
"From $1,695,000 "

32 Spencer Street
Albany WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 441m2
Land area: 623m2
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GOLDEN INVESTMENT!

Seize this golden opportunity to purchase 32 Spencer Street Albany, also known to many of the locals as “Three Chimney's Bed and Breakfast”. Consisting of two fantastic homes on the one block, both properties have captivating views and a location like no other being situated in the heart of Albany! This property has been set up to be a fantastic investment and long term growth for the right buyer all whilst providing an array of opportunities!
The front house which is currently operated as Three Chimney's Bed and Breakfast with 4 ensuited spacious rooms, and a central lounge and dining space for guests. The property is steeping in history and has been restored meticulously by the current owners to be able to operate it successfully and provide comfort to guests whilst still holding its character and charm throughout!
The rear house was built in 2009 by Geoff Gomme and is a 2 bedroom x 2 bathroom home with spectacular views from the second level of the harbour. It is great use for the managers residence whilst operating the bed and breakfast and or/ to utilise as another business opportunity for the next savvy buyer.
This is a rare opportunity for the next buyer that will be looking for a new opportunity to generate income whilst being able to live the Albany lifestyle as well, and or looking for an investment opportunity to snap up! Prime location ensures a steady flow of guests, contributing to potentially high occupancy rates and in return a steady income stream.
Features of the Front Property - Three Chimneys Bed and Breakfast
- Originally built in 1880's and beautifully restored and renovated with a second storey addition
- Polished jarrah floors throughout, ornate high ceilings, fireplaces and original character kept throughout
- Four bedrooms all with air conditioning, and private ensuite's
- Fifth Separate Bathroom and Laundry room
- Gas heating in middle room for comfort
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Property Details for 32 Spencer St, Albany

Building Type
Commercial
Floor Size
441m2
Land Size
623m2

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About Albany 6330

The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2011 was 1,463 people. By 2016 the population was 1,310 showing a population decline of 10.5% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation. In 2011, 60.3% of the homes in Albany were owner-occupied compared with 61.7% in 2016.

Albany has 1,367 properties. Over the last 5 years, Houses in Albany have seen a 62.11% increase in median value, while Units have seen a 6.07% increase. As at 31 October 2024:

  • The median value for Houses in Albany is $603,611 while the median value for Units is $247,983.
  • Houses have a median rent of $485 while Units have a median rent of $350.
There are currently 26 properties listed for sale, and 5 properties listed for rent in Albany on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Albany.

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