This massive 1012sqm (approx.) block with a charming 5 bedroom 1 bathroom home sitting on it - and still very much intact - enjoys a tranquil and elevated cul-de-sac setting and doubles as an exciting four-unit development site where subdivision potential allows you to reap multiple rewards down the track.

The property is zoned R40 and has been happily rented out for the last nine years, with the existing tenants paying $400 per week in valuable income for the outgoing owner. The current fixed lease expires on May 24th 2021, providing you with a fantastic income stream while the developer is going through design and planning approvals at the City of Stirling.

The house itself is solid in its circa-1970s build and benefits from a practical floor plan where a large living room welcomes you upon entry and a huge sunken games room doubles living options, adjacent to the separate kitchen and dining area. The backyard is also spacious and the double lock-up garage at the rear makes for a great workshop shed, too.

Location-wise, "living convenience" is written all over this one, with the stunning Heritage Park walking trails situated just around the corner and both North Balga Primary School and the sprawling Princess Wallington Reserve playing fields (currently being revamped by the local council) nestled only metres away at the bottom of the street. Throw in a very close proximity to the Balga Community and Leisure Centres, the local Balga IGA supermarket and shopping village, Balga Senior High School, John Septimus Roe Anglican Community School, other excellent educational facilities, more shopping at Stirling Central and The Square in Mirrabooka, the local Fieldgate Square Shopping Centre, bus stops and major arterial roads that lead you to the coast, city and Perth Airport and you have yourself quite the spot to invest in.

Opportunity very much knocks for you here - and loudly!