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Overview
Set on a sizeable 802 sqm corner block, this renovated four-bedroom house in Balga offers a rare blend of spacious living, investment viability, and development potential. The home was comprehensively updated approximately two and a half years ago, blending modern finishes with ample living spaces suitable for family life or rental purposes.
The interior boasts four well-proportioned bedrooms featuring durable carpeting, ideal for families needing space and comfort. The kitchen is a highlight, fitted with stone benchtops and extensive cabinetry that flows into a dedicated dining area, supporting both casual meals and entertaining.
A distinct feature of the property is its expansive and elongated living area, enhanced architecturally by a coffered-style ceiling with recessed lighting, which adds both character and an airy sense of spaciousness throughout the main living space.
Renovations extend to the bathroom and laundry, with the latter also showcasing a stone benchtop and practical storage solutions, enhancing the functionality of this key household area.
Outside, the property accommodates multiple vehicles comfortably, complemented by a large workshop/garage that provides secure lock-up parking and useful additional storage space.
What truly distinguishes this property is the substantial land it sits on. The prominent corner position lends itself to future development options, potentially a three-lot subdivision subject to approvals, or alternatively retaining the existing home with the opportunity to develop a separate parcel with its own street frontage, thereby unlocking significant value.
For investors, the property is currently leased, generating a solid rental income of $780 per week, with tenants expressing interest in extending their lease. This offers a hassle-free cash flow from day one.
With its combination of modern renovations, immediate rental income, large corner landholding, and promising development potential, this property represents a versatile opportunity for homebuyers, developers, and investors alike.
Local Market Insights
In Balga, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 42 during the previous 30-day period, with an average advertised asking price of $800,718. The property type mix of listed properties is predominantly Houses at 68%, followed by villas (20%), and units (5%). The most active agency for houses in the Balga area is currently The Agency, representing 21% of new listings, followed by Harcourts with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Balga WA 6061
Market Insights for Balga WA 6061
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