1 Crandon Street

Gosnells WA 6110

Built in 1973, this three bedroom, one bathroom home enjoys modern features throughout, as well as a large backyard space ready to be enjoyed. Being zoned R20/30, this property has development potential (subject to approval) as well as presenting an immediate and ongoing investment opportunity currently. Whether you are renting out, or wish to move into the home yourself and enjoy all the local amenities this neighbourhood has to offer, this is a great property with lots of potential on its shoulders.Property Highlights:- Three-bedroom, one-bathroom home built in 1973- 746 square meters land size- 94 square metres built size- Split system air conditioning- Undercover carport- Rear sleep out/veranda area- Large backyard- Garden shed to backyard- Zoned R20/30Investor Summary:- The property is currently leased until March 2024 at $410 per week. Beyond March 2024 the lease becomes month-to-month, if you are an investor seeking to retain the tenants then this gives you options to offer a new fixed term lease to the tenants, equally a periodic lease provides you with options to request vacant possession.- Market rent for 1 Crandon Street is approximately $480 per week- Based on a purchase price of $460,000 and market rent, the estimated gross annual rental yield here is 5.44%The whole yard is secured with fencing, and there is a side gate for easy pedestrian access. The front yard has been maintained and features a large grass area (great place to put a swing set or trampoline for the kids), orange tree, and bird of paradise bush. There is a path around the property to the backyard, and drive-in carport. To the exterior of the property at the rear, you have a large verandah/sleepout area which can be turned into an outdoor living area so that you can sit back and relax in your new home. There is also a small garden shed here for any tools or extra goods you have.Moving inside the home, the entry and living area welcomes you with large feature windows allowing in natural light, brightening the whole space. This spaces feels open and accessible; a great area for entertaining or relaxing. There are good-quality carpets and vertical blinds throughout the whole property. The living, dining and kitchen areas are tiled throughout.The kitchen has modern cabinetry, oven, and sink, as well as a huge ultra wide window to the kitchen/dining room, with views over the backyard and rear sleepout. The laundry is situated next to the kitchen and has easy access to the yard. This laundry has an electric instantaneous hot water system, so you can enjoy those hot showers! There are three bedrooms in the home, all are a great size with plenty of room, and there is a bathroom nearby the bedrooms. Being currently rented out, there is a current rental return of $410 per week, with an approximate market rate of $480 per week should you wish to continue renting out the property.Just down the road from the property - within walking distance! - you have your essentials shopping centre, for goods and groceries. The "Local Fresh Market Gosnells" is also nearby a food stores, including a tavern. The larger Gosnells Railway Markets and Coles Gosnells, plus surrounding cafe's, restaurants, food stores and other specialty/small stores are only a short approx. 5 minute drive away. As for schools, you have Wirribarra Primary School only approx. 15 minutes walk (1.2km) from the home, and Gosnells Primary School approx. 5 minutes drive. There are also many parks around the home, including Chelsfield Park and Lyminge Street Reserve both within approx. 10 minutes walk of the home.There is a lot to love about this property how it is currently - with it's updated features throughout, large verandah, and air conditioning - as well as lots to love about it's future ability: the zoning, large land size, and 22 metre frontage, to mention some! Whatever your plans are for the property, whether renting it out, moving in, or developing - just make sure that you don't miss out.