Buy - 158 Grosvenor Road, North Perth
This 1935 home sits on 625m of land with a 17.1m frontage and a depth of 38.2m with rear lane access. Some of the original character features of the home remain including tall ceilings, and can be restored for those who like a restoration project.
The fact the home is still quite a rentable property, with four potential bedrooms, one bathroom and rear kitchen and dining area, may appeal to those who want to buy and sit on it for a while until they plan their future development.
The zoning is R40 requiring an average of 220m per lot for subdivision, with the relevant Council Scheme allowing for a maximum of 2 dwellings for this property. Possibilities for a development include splitting the block in the middle to create 2 street front lots with a width of 8.55m each and a length of 38.2m. The other option is to creating two separate lots at the front and rear with a pedestrian access leg from the front to the rear. The property has the advantage of a rear laneway for vehicle access.
CONVENIENCE OF LOCATION
Desirable features include the proximity to the City and public transport options, as well as how desirable it is to live walking-distance to both the Angove and Beaufort St café and shopping strips.
North Perth appeals to home buyers with young families due to the many schooling options available. This includes North Perth Primary, St Pauls Primary, Mt Lawley High School, Aronmore Catholic College and Edith Cowan University.
For those that consider outdoor recreation important, Mt Lawley Golf and Tennis Club are close by, as is the North Perth Tennis Club in Farmer St and Robertson Park Tennis Centre on Fitzgerald St. The many parks in the locality include the smaller community ones like Woodville Reserve, but none better than the iconic Hyde Park and for those that love other exercising options, the Beatty Park Leisure Centre is also close by as are many of the new Gyms and Yoga outlets opening up in the suburb.
4 bedrooms, 1 bathroom
Open plan Kitchen and Dining
Potential to restore the character of the home with some key period features still intact.
625m R40 subdividable block
17.1m street frontage and 38.2m length allows for building options
Premium location in an elite inner city suburb
Option to renovate or demolish and build one or two premises with road and laneway frontage
Building new premises will also allow overseas investors to buy
Well positioned between North Perth and Mt Lawley entertainment and shopping areas
Surrounding neighbourhood is family-oriented and appealing and much sought-after
Numerous examples exist in the precinct of quality new homes being built on 300m blocks or less with high price tags, encouraging existing and budding developers of the investment potential of the sight.
Rear Lane Access