2/3 Princes Street

Cottesloe WA 6011

Just steps from the magnificent South Cottesloe shoreline, this compelling investment opportunity offers abundant options for you to create your dream home. The existing two storey dwelling is built on 323m2 of prime land and is a solid brick and tile structure with a lovely character feel throughout. The entry level includes an open plan living and dining area adjoining a delightfully renovated kitchen complete with stone benchtops, breakfast bar, ample cupboard space and brand new appliances. The first level includes a fabulous west facing outdoor balcony, a home office or 3rd bedroom whichever suits and the first of 2 bathrooms. The 2nd level features a huge master bedroom featuring postcard views to the ocean through oversized windows. The upstairs layout is completed with a 3rd bedroom and another bathroom positioned between the two bedrooms for ease of access. The surprisingly generous rear garden is bathed in northern light and is the perfect space for the kids and family pets to enjoy, offering lush grass, landscaped garden beds and a paved alfresco zone to sit and entertain friends. The property is currently rented out at $950 per week until May 2025 which offers an easy cashflow stream whilst you embark on planning and designing your dream renovation or new build in one of the most highly desirable locations in the country!Council Rates: $3,350 p/a approx.Water Rates: $1,940 p/a approx.