86 Ferguson Street, Midland, WA, 6056, Australia

Welcome to a brilliant opportunity to own a massive land parcel in the heart of Midland. Step on up and enjoy a renovated home with soaring ceilings, multiple living spaces and an excellent combination of brand new touches and original elements. 86 Ferguson Street is placed on a 1012 square metre (20m frontage) R20/35 zoned block with a sprawling 139 square metre four bedroom home, built originally in 1946. A charming home that oozes opportunity - a massive mostly-level block, ducted evaporative air conditioning throughout, powered garage structure, drive-through access to the rear, multiple living spaces, brand new carpets, original & brand new oven, centrally located laundry and bathroom with a skylight, classic brick foundation and design elements. This property is coupled with its neighbour 84 Ferguson Street for a combined site of 2024 square metres R20/35.

Will you retain and improve this primed canvas into your renovated dream home?

Will you lease out the home with a market rent of $500 per week?

Will you demolish and build up to 8 units on the combined 2024m2 site of 84 & 86 Ferguson Street (subject to all relevant approvals)?

Will you hold until you are the last quarter acre block left in Perth - who knows what this massive land parcel would be worth by then!

Property Highlights:
- Four-bedroom, one-bathroom home originally built in 1946
- Massive block of 1012 square metres, zoned R20/35
- Approximate internal living space of 139 square metres
- Ducted evaporative A/C throughout
- Stylish original fittings inside including beautiful plasterwork, large windows, original 1946 oven, classical tiling and brickwork
- Centrally located bathroom with skylight, fresh grout and bath
- Multiple water and power connections at the rear of the property
- Double garage 'structure' at the rear
- Drive through access to backyard
- Soaring windows throughout the home
- Brand new carpets and oven
- 20m of street frontage

Investor Summary:
- This property is currently vacant and ready for immediate occupation
- Estimated market rent for 86 Ferguson is approximately $500 per week
- Given a purchase price of $450,000 and market rent, the estimate rental yield for this property is 5.79%
- HouseSmart Real Estate is highly active in Midland and the surrounding areas, and can provide high-quality property management services throughout the course of the tenancy and beyond.
- The property is placed on 1012 square metres of R20/35 zoning resulting in approximately 4 lots being able to be built per site if approval for accessing the R35 zoning is granted. Purchasing 84 & 86 Ferguson would result in a potential 8 unit site development at R20/35 zoning.
- Incredible land parcel purchase opportunity.

Why buy?
This property combines a central location, recent brand new rejuvenation touches, beautiful classical elements and a fantastic land parcel with good zoning. Rare to see on its own and incredibly rare to see with also ability to purchase the neighbouring property too!

Speak to our team today. As always, buyers are encouraged to do their own due diligence and research before purchasing any property, as the details listed are not a warranty or representation of any kind, purely a best-intended description. Feel free to ask our team any questions! We look forward to assisting.