37 Eileen Street

Gosnells WA 6110

Incredible land banking opportunity - currently generating rental income! Are you prepared to explore an investment brimming with boundless potential? This immense 3,668 square meter land parcel, with an excellent double brick three-bedroom, one-bathroom home, stands as your blank canvas for an exciting investment or lifestyle opportunity. The property would be ideally suited for an investor seeking rental income and fantastically large land parcel within prime Gosnells, a family seeking plenty of lifestyle space, a trucking business, those with lots of pets, or truly anyone with a vision! What do you plan to do here? The property features a capacious front yard, and then a backyard that stretches like a football field, the possibilities are vast. Whether you choose to lease it out, embark on a renovation project, establish your own residence, or leverage the R17.5 zoning for development, the decision is yours to make. Reach out to our team today, don't miss out!Property Highlights:- Three-bedroom, one-bathroom home built in 1950- Sun filled living spaces with large windows and double brick design- Total lot area of 3,668 square metres!- Currently zoned R17.5 with proposal for R20/R25- Internal floorspace of approximately 96 square metres- Ducted air-conditioning- Brick and title build- Well looked after yard- Large shed and outbuildingInvestor Summary:- Currently leased until 26th September 2024 at $400 per week, using the listing price this results in a 3.07% gross annual rental yield, giving you an instant rental income while you land bank or prepare to develop!- HouseSmart is highly active in Gosnells and can provide high quality leasing and Property Management services throughout the course of sale and beyond Settlement.- There is a proposed development plan which introduces a connecting road between Doubtful Chase and Cooburra Court. If built, this would likely split the lot into two parcels - one being approximately 2,300 square metres and the other being approximately 900 square metres, zoned R20 & R25 according to the City of Gosnells Intramaps Service. Please check with the City of Gosnells for further information regarding this.Turn off Albany Highway onto Eileen Street, and within a brief drive, you'll arrive at 37 Eileen Street. As you approach the property, the expansive plot of land it occupies is impossible to overlook. Proceed up the paved porch and step into your abode. The entrance welcomes you with tiled flooring, leading to a spacious carpeted living area on your right. Abundant sunlight streams in through sizable windows, enveloping the space in natural radiance, perfect for you, your family, and any visitors.A seamless connection guides you to the kitchen, thoughtfully designed with ample storage to accommodate all your culinary essentials. The electric stove top facilitates effortless cooking. Adjacent to the kitchen, you'll find the dining room, which offers a convenient exit to the backyard.Numerous generously sized rooms are at your disposal, their comfort further enhanced by the plush carpeted floors. Strategically situated between the rooms for utmost convenience, the bathroom features a charming bathtub and shower. A tidy vanity area simplifies your preparation routine, ensuring a smooth experience before venturing out. The presence of large windows amplifies the overall delight.Positioned just off Albany Highway, Seaforth Station is a mere 600 meters away, providing convenient access. The Gosnells shopping and restaurant hub is a short drive along Albany Highway, offering additional convenience. The property is also encompassed by parks and reserves, providing ideal spaces for dog walks or jogging. For easy connectivity to both the northern and southern suburbs of Perth, accessing Tonkin Highway is a breeze from 37 Eileen Street.Seize the opportunity to transform this expansive land into your own creative canvas. For further details, feel free to inquire!This advertisement for 37 Eileen Street, Gosnells has been created to the best knowledge of the agent at the time. The agent does not warrant or represent any features or elements described. For specific development information, buyers are encouraged to contact the City of Gosnells, Landgate, or the WA Planning Commission.