4 Woolgar Way, Lockridge is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1971. The property has a land size of 745m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Lockridge in the last 12 months.
Discover the potential of 4 Woolgar Way, Lockridge. This expansive property, boasting a brick and tile four-bedroom home with an external detached games room, presents a unique canvas for investors, owner occupiers and renovators alike. Classic 1970s features are present just waiting for you to breathe new life into them such as an elevated house position with front concrete porch, timber window and door frames, a spacious kitchen area designed back when the kitchen and dining room was the family focal point of a home. I wonder if there are timber floorboards throughout, underneath the carpet? A great feature also, is the external detached games room which could be a brilliant retreat, workshop, hobby space, home gym or additional leasing opportunity. The home is currently tenanted, the tenants love the property, and are in a fixed term lease until September 2024 paying $370 per week. How will you seize this opportunity?
This property is being sold in as-is condition, with what you see simply being what you get - the seller is not warranting any approvals or working order clause. Regardless, this property is a great opportunity with its large block, development potential, and the versatility of the external games room. Embrace the chance to renovate and create your ideal living space or a profitable investment property.
Property Highlights:
Investor Highlights:
- This property is currently tenanted (long term tenant who loves the home!) until September 2024 at $370 per week.
- Market rent for 4 Woolgar Way is approximatively $500 per week
- Based on a purchase price of $569,000 and market rent, the estimated rental yield for this property is 4.58%
- HouseSmart Real Estate is highly active in Lockridge and the surrounding areas - with an office in nearby Beechboro! - and can provide high-quality property management services from settlement and beyond.
Welcome to a property set back from the road, offering an elevated view and a sense of privacy. As you arrive, youll find a single-car metal carport and also a single-car garage, providing ample parking and storage options. The charming front porch invites you to relax and enjoy the serene surroundings.
Step inside to a spacious living room with large windows which flood the area with natural light. The ducted evaporative air conditioning (sold in as is condition) might keep you cool in summer! The kitchen, with its generous U-shaped design and gas cooking facilities, is a great place for family time, entertaining and everyday meal preparation, complemented by abundant cabinetry.
This home features four bedrooms, each with windows framed in classic timber trim, adding a touch of elegance, while security screens work to keep your property safe. The bathroom, ready for renovation or refreshment, offers an opportunity to add your own personal touch.
Outside, the expansive relatively-flat block, zoned R20/35, opens up possibilities for subdivision, subject to council and relevant approvals. The external detached games room at the rear is a versatile space, ideal for a retreat, hobby room, workshop, or an additional leasing opportunity. It includes a patio, in-wall air conditioner, and a wood combustion heater, ensuring comfort and functionality.
Located near Korbosky Park and Mary Crescent Reserve, youll enjoy access to bush areas, walking paths, lakes, and playgrounds. The property is within walking distance to Lockridge Primary School, Rosher Oval, Eden Hill Primary School, and Good Shepherd Catholic School. A short stroll to IGA Kiara and a quick drive to Altone Park Shopping Centre, Bassendean shops, and the train station ensures all your needs are within reach. The proximity to major roads and public transport makes commuting and travel convenient.
Don't miss out!
The size of Lockridge is approximately 1.4 square kilometres. It has 10 parks covering nearly 11.9% of total area. The population of Lockridge in 2011 was 3,566 people. By 2016 the population was 3,457 showing a population decline of 3.1% in the area during that time. The predominant age group in Lockridge is 40-49 years. Households in Lockridge are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lockridge work in a labourer occupation. In 2011, 67.3% of the homes in Lockridge were owner-occupied compared with 65.7% in 2016.
Lockridge has 1,498 properties. Over the last 5 years, Houses in Lockridge have seen a 120.31% increase in median value, while Units have seen a 112.36% increase. As at 31 October 2024:
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