Prime Booragoon Opportunity: Land Bank, Subdivide, Expand or Enchance

174 Riseley Street, Booragoon
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House
  • 4 Bedrooms
  • 3 Bathrooms
  • 2 Car spaces
  • 809 sq metres

Description

Welcome to your next land bank or lifestyle opportunity in Booragoon! This versatile property comes with council-approved options that offer exceptional possibilities for savvy buyers:

Retain and Build Option: Keep the existing spacious 4x3 home while still having room to develop.
Subdivision Potential:
(i) Approved for subdivision into two street-facing lots.
(ii) Approval for subdivision into three lots underway, allowing flexibility to suit your plans.
Granny Flat Addition: Incorporate a granny flat into the existing home, ideal for multi-generational living or generating additional rental income.

This charming and impeccably maintained family home features a well-thought-out design, including a welcoming front foyer, main living and dining area, cozy sunken lounge, and four spacious bedrooms, with the large master suite offering its own ensuite. The modern kitchen overlooks the sunken lounge and flows effortlessly to the backyard, creating the perfect space for easy and enjoyable entertaining.

Located near the highly anticipated transformation of Garden City into one of WA's largest shopping destinations within the next two years, this property is ideally positioned for future growth. Additionally, a proposed R50 zoning change could significantly enhance its value.

This is the ultimate opportunity for astute buyers looking to capitalize on both present and future potential.