4 Jindinga Way

Wanneroo WA 6065

* HOME OPEN CANCELLED - PROPERTY IS UNDER OFFER *Secure a smart investment by acquiring this property now, strategically positioning yourself to benefit from the ongoing building boom. Generate rental income while you bide your time for future redevelopment. This property, a valuable asset, rests upon a generously sized 822sqm approx. block boasting DUAL ZONING OF R20/R60. * Retaining the home and subdividing the rear is one of the possibilities due to side access!Embrace the high demand for rentals in the area with this charming home featuring:- Four bedrooms- One bathroom- Separate w/c - Spacious laundry- Open plan kitchen and dining- Spacious lounge- Outside powered games room which can easily be converted to a granny flat/additional bedroom- Powered shed - Double carport . Ample parking for cars and toys . Side access on two sides - Paved rear back garden, so very low maintenance- Block size: 822sqm approx.- Build area: 149sqm approx.- Current market rental rates: $520pw - $550pw- Lease expires: 7/10/2023 - current tenants would love to renew- **ROI: approx. 5%Alternatively, this property presents an enticing opportunity for first-time homebuyers seeking a foothold in the market. Ideal for skilled tradespeople who can convert it into a budding family haven. The extensive side access and expansive backyard offer a canvas of possibilities, limited only by your imagination.The property's unrivalled location speaks for itself, situated right in the beating heart of Wanneroo. Within mere minutes' walk, discover a plethora of essential amenities, from schools to parks, public transport to bustling shopping hub and even an industrial precinct. Seamlessly connected to Wanneroo Road, convenience is at your doorstep.A versatile and multifaceted property, it is essential to witness it firsthand to grasp the magnitude of its investment potential.* Buyers are required to conduct their own due diligence as to any subdivision potential and not to rely solely on the information contained within this listing.** Note - the buyer/s shouldn't rely solely on the potential returns advised by the selling agents and should conduct their own due diligence to make an informed decision.Note - the marketing photos show the property as vacant, but it is currently furnished