Nestled at 42 West Coast Road, Glen Eden, this freehold property on a level 1027sqm section presents an extraordinary opportunity. The home boasts 5 bedrooms, 2 carparks, and a floor area of 143sqm. Constructed with wood walls and an iron roof, both in average condition, it's a perfect blend of classic charm and modern potential. The property has seen a significant Capital Value increase from $875,000 in 2017 to $1,850,000 as of June 2021, reflecting a growth of 111.43%. The HouGarden AVM estimates the property's worth at $1,775,000, while the latest sales history shows a jump from $125,000 in 1995 to $185,000 in 1999.
For families, the property falls within the catchment of several schools, including Kelston Intermediate and Boys' High School, both with a decile rating of 2 and 3 respectively, and Kelston Girls' College with a decile rating of 2. Glen Eden Intermediate and Fruitvale Road School are also within reach, rated at deciles 7 and 4. This not only ensures quality education options but also adds to the property's investment appeal.
With its THAB zoning for Terrace Housing and Apartment, this property is a developer's dream. Its vast section and versatile rooms provide the scope for endless possibilities. Centrally located with easy access to amenities and public transport, this is a golden opportunity to invest in a property that's not just a home but a potential goldmine.
Updated on October 31, 2024