More Than Just a Villa... A Land Bank For The Future.
This lovely single level villa sits atop a Survey Strata block with 267m2 of land and Survey Strata means that it has complete build-ability. You could if you wish, demolish and build a stunning new home (as shown in pictures - 3rd last picture). This is a Webb Browne-Neaves ONYX design that offers a 4 bedroom, 3 bathroom home with a double garage at the rear.
But let's get back to what is on the block now.. The home itself is in wonderful condition and has been the Perth base for a family who own a cattle station, in the North West. Hence why you see the security gating and roller shutters. The home was often vacant for many, many months at a time and now that the kids have all grown up, the need to have the Perth base is no longer required.
The home offers an easy low maintenance lifestyle and features two good sized bedrooms with the master bedroom having a built in robe. The living and dining area have the benefit of a high pitched ceiling that can also be modified as was done in the home behind, at 7 Tapper Lane that has only just sold. In number 7 Tapper Lane the owners built a mezzanine floor above the dining area to create extra space for a study.
All the outside areas carry on with this low maintenance theme that the family required for their trips to Perth and all these areas are brick paved with this property having the added benefit of a pathway running down the southern side of the home giving direct access between front and back courtyards – the perfect scenario for the gardener wanting something more than just paving.
The 267m2 block of land is in the perfect position within the group of 6 villas that initially were built in an older strata format that has now been upgraded to full Survey Strata. This position is highlighted, by the valuer that allocated each Lots Unit Entitlement on the new Survey Strata Plan. The Valuer only considers the lands value in a Survey Strata scheme.
Lot 4, or 52a Graylands Rd has a Unit Entitlement (UE) of 17. Comparing this to Lot 3 or 7 Tapper Lane that has a UE of 16 (that has just sold for 560k).
Lot 3 only has 9.35m frontage compared to Lot 4's 10.14m frontage. This small difference is a BIG deal when considering the lands build-ability and Lot 4 is also a street frontage block rather than a laneway frontage. Lot 3 is also stuck between other Lots, so its garage will always have to be squeezed into that 9.35m frontage, whereas Lot 4's garage with any new build would be accessed off the laneway, leaving the front of the home to have the ability of clean lines and hence why the ONYX design was chosen by Webb Browne-Neaves as an example for a future build.
If you were ever to re-build you also won't have to worry about your new 2 story home over-shadowing your neighbours as Tapper Lane which is quite wide and runs the length of the southern boundary. If you're looking for some sales evidence of comparable new homes that's easy! Just drive a few hundred meters down Graylands Rd and look at all the new homes on Graylands Rd, Lapsley Road & Kyle Way that have just been built and are selling at prices well into the Mid Million range and all these homes reside on Survey Strata blocks of between 206m2 and 235m2 and to a great extent 52A Graylands has a far better view than those in Kyle Way that look directly into the new apartments or on Graylands Rd where they look onto the showgrounds fence and wall.
To arrangement inspection, call Brad Mantle 0488908070
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