63 Terence Street, Gosnells WA 6110

This property is an outstanding development opportunity located in one of Perth's most dynamic growth corridors. It is situated on a substantial 1,211 square meter site with R80 zoning, allowing for significant redevelopment potential. The location benefits from proximity to Gosnells Train Station, just 550 meters away, and will take advantage of the recent $1.3 billion rail infrastructure upgrade, providing excellent future growth prospects.

The property has exceptional connectivity, positioned opposite the expansive parklands of Gosnells Oval Playground. Within an 850 meter radius are numerous amenities including retail shopping, cafés, the popular Gosnells Railway Market, pharmacy, fitness facilities, and childcare services.

Access to Albany Highway and Tonkin Highway is convenient, offering efficient links to the Perth CBD and other key growth corridors in the region.

The existing home on the property is a neat and solid 3-bedroom, 1-bathroom residence of approximately 102 square meters. It offers a liveable space that is ideal for generating rental income while development plans are considered. Inside, there are charming timber floors, high ceilings, and large windows that provide an abundance of natural light. The three spacious bedrooms and practical living areas create comfortable accommodation suitable for a small family.

The expansive backyard is a standout feature, perfect for children, pets, or potential future development. Additional outdoor benefits include a brick shed for extra storage and established fruit trees and vines including loquat, pomegranate, olive, and grapevine which add homestead charm to the garden. The property is fully fenced providing security and privacy.

Currently, the property is leased until 18 February 2027, providing immediate rental income as well as flexibility for future planning. The photographs presented were taken prior to the tenant occupying the home.

The R80 zoning, as defined by the City of Gosnells, allows for a high density of development. With a minimum site area of 100 square meters and an average of 120 square meters per individual dwelling, this block could accommodate multiple grouped dwellings, including possible constructions up to four storeys high. This makes it an excellent opportunity for both developers and investors looking to capitalize on growth potential in the area.

Key features of the property include:

• Spacious 1211 sqm block with R80 zoning as per LPS24
• Block dimensions of approximately 60.17 meters by 20.12 meters
• Opposite parklands and open space
• Close proximity (550 meters) to Gosnells Train Station
• Comprehensive amenities within an 850 meters radius
• Interior features timber floors, high ceilings, and large windows
• Three generously sized bedrooms providing comfortable accommodation
• Functional kitchen equipped with a breakfast bar and gas stove
• Ducted evaporative air conditioning and ceiling fan in the main bedroom
• Effective insulation and instant electric hot water system
• Security doors and linen storage facilities
• 3 meter by 3 meter shed providing utility storage
• Wide front porch and rear verandah offering outdoor living space
• Carport with remote access and a drive-through access to the rear
• Established fruit trees and grapevine adding homestead charm
• Fully fenced property providing security and privacy

Disclaimer: The information provided is intended for general information purposes only and is based on sources believed to be reliable. However, no warranty or representation is made regarding its accuracy. Interested parties should conduct their own independent enquiries to verify the details and suitability of the property for their requirements.