10 David St, Spencer Park WA 6330, Australia

First buyers and investors cannot fail to be impressed with all this property offers.

It’s a well-maintained fibro and tile home on a big block in an excellent location close to schools, shops, medical facilities and town.

The home’s position near the front of its 911sqm block allows for the possibility of subdivision, presenting several exciting options for the owners. They could subdivide and sell on the rear block, or build another home and live in or rent out one or both. Or simply make the most of the land and play space just as it is.

Either way, this is an inspiring proposition with a realistic price tag.

Original 1950s features lending a charm and character to the home include polished jarrah floors, high ceilings with decorative cornices, an etched glass door into the lounge, and timber and metal window frames.

Inside, the comfortable, sunny lounge has a gas heater set in a brick fireplace. This room is open to the meals area and the kitchen, where there’s an abundance of cabinets and a gas cooker.

For outdoor living, barbecues and parties, there’s a sizeable, paved and covered patio in the back yard.

All three bedrooms are doubles and the nearby bathroom has a bath, walk-in shower and vanity. The toilet is separate, off the laundry.

There’s heaps of play space with lawns front and back bordered by easy-care gardens featuring native shrubs and succulent plantings.

Also in the enclosed back yard is a freestanding steel shed with a roller door and window, ideal for storage of toys and sporting gear.

At the side of the house is a single garage and there’s off-road parking for more vehicles, as well as side gates for parking the trailer in the back yard.

Rental investors will have a head start as the property is leased until March 2025 at $420 a week, giving an indication of the good returns to be expected.

What you need to know:

• 1950s fibro and tile home

• 911sqm block with subdivision potential and options for development

• Central location a few minutes from schools, shops, medical facilities, town

• Charming features – jarrah floors, high ceilings, timber and metal window frames, etched glass

• Lounge with gas heating in brick fireplace

• Covered, paved rear patio

• Kitchen with ample cabinetry, gas cooking

• Meals area

• Three double bedrooms

• Bathroom with bath, walk-in shower, vanity

• Laundry and separate toilet

• Single garage, extra off-road parking

• Backyard access for trailer

• Freestanding storage shed

• Lawns front and back, garden beds of mostly water-wise natives

• Excellent proposition for first buyers or investors

• Currently leased until March 2025 at $420 a week

• Council rates $2,225,58

• Water rates $1,564.13