32 Spencer Street

Albany WA 6330

This small circa 1880s heritage-listed cottage has been lovingly restored into a stunning four-bedroom luxury accommodation while maintaining its historical charm and character. It has been completely rewired, re-roofed (fully insulated), and re-plumbed, and an upper level was added simultaneously. This alone ensures peace of mind for years to come.

Each of the themed 4 bedrooms boasts its own ensuite, fireplace, bar fridge and air-conditioning, ensuring ultimate comfort and privacy. There is also a little communal lounge area with gas heating, a separate dining room or a 5th bedroom/formal lounge if needed. The kitchen is at the back of the house, next to a large laundry, with double doors opening to the outside. Because too much of a good thing isnt bad, you have a 5th bathroom here, too, which can be turned into any room you need.

Three en-suite bedrooms are downstairs: two near the entrance, and the third is down the passage to the right, next to the dining room. The fourth is a very spacious and private upstairs en-suite with a lounge areaand mind-blowing views over the town, sea, and, of course, our beautiful harbour.

I hear you. How noisy will it be at full capacity and only moments from the heart of Albanys popular caf strip and bars? No problem. There is excellent security and extra thick double-glazed windows throughout to block any noise. On top of that, you have double-brick walls, and all the doors are extra thick to absorb sound. The ceilings and roof are insulated, so you dont hear raindrops, so nothing will disturb your sleep.

There are 3 guest parking bays in the yard and ample free parking in the street. The cottage has 3 gas hot water systems and sensor lights around the homes and yards.

The cherry on top of all this delightfulness is a very private, 2-bed, 2-bath contemporary home at the rear, built in 2009 by one of our best builders, Geoff Gommes. In the typical style of the current owners, this home is delightfully sleek and modern, in direct contrast with the cottage - yet as appealing. It has the same art-deco-style decorations, fully insulated, thick double-glazed windows, privacy blinds and air conditioning. It also shares the most incredible views over the town, the sea, our beautiful harbour, and beyond from all the rooms as well as the private decked patio.

Downstairs, this modern haven features Tasmanian oak floors, a large open-plan lounge/dining area and a modern kitchen with high-end finishes and loads of storage. A large bathroom cum laundry and toilet is conveniently hidden behind the kitchen. Immediately on the left from the front entrance is a deep storage cupboard and a staircase that leads up to the second floor. This entrance is conveniently situated opposite a large, covered carport.

Double glass tri-fold doors open from the lounge area to a delightful, private deck, from which you can enjoy the magnificent harbour and town views. A powered storeroom and water tank are also on this side of the home. The home has extra gas points for heating, solar panels, and a Fronius inverter.

Upstairs is truly amazing, with a large, carpeted lounge overlooking the town, harbour and the beautiful Albany Entertainment Centre. The views are amazing and cannot be built out.

The main bedroom, with a large built-in corner cupboard, faces the sea views. The queen-sized guest bedroom has double built-in wardrobes and faces the back, while tall trees provide privacy. The modern bathroom has a shower and basin and a conveniently separate toilet.

Most of the properties in this area are R30 residential--zoned and have already been subdivided into strata, typically with two separate dwellings sharing an entrance. This 623.225 m2 block on one title is an exception. With forethought rough plans were drawn up in readiness for a potential subdivision before they added the 2nd home. All the hard work was completed and paid for, with separate utilities already connected for both dwellings.

I invite you to research and see what an average home in this area sells for if you can find any. Thats without all the bells and whistles these two homes offer - on a double block. You definitely wont find a 6x7 home in this area in any recent sales...

The front cottage, affectionately known as The Three Chimneys, is currently operating as an extremely popular BnB. Even though were not selling the business (nor charging extra for it), nothing stops you from continuing. Its all set up, and some furniture is negotiable.

They serve many regular visitors, such as university lecturers who come down to teach at the UWA Albany - a few steps down the road. Its most convenient for them, especially the female lecturers, as the property is safe, quiet and secure. Australian and foreign tourists from all over the world adore the BnB too for the home's beauty and the private, peaceful rooms with very comfortable beds, as well as the property's unique position. Here, guests mingle in the lounge and dining area and often team up for meals, drinks and sightseeing excursions. Not many people would prefer a white, uncomfortable bed in a tiny white room in a busy, standard hotel at the same price or more.

Add to this the convenience of walking into town, the Entertainment Centre and of course, all the pubs and cafs in the area - no cars or taxis needed. The guest book overflows with praise from all the visitors mostly mentioning the beautiful, quiet, comfortable and private rooms, the astonishing and interesting art collection and of course, the extremely convenient position. Sensible.

The guest house can be fully booked most of the year, but my sellers take regular breaks, so don't want to take advantage of all-year trade. They simply book out all the rooms when they want to go. Currently, the 3 bedrooms earn $195 each per night, and the large upstairs suite is $235 per night. Breakfast is continental, so toast, coffee/tea, yoghurt, cereals, fruit, juices, etc. Quick and easy no slaving in the kitchen for hours.

This property will suit various buyer typesmost definitely savvy investors, extended families or friends buying together to rent out one home (permanently or as a holiday let) and use the other as their private getaway, etc. The most advantageous aspect for the current owners is that they live in complete privacy in the back house, so doing a few odd jobs next door is quick and easy. How convenientand how rare.

A property in this position is worth gold, and you can be absolutely certain that the value of this property will only go up, up and up. Hence, its worth considering this property for the incredible capital investment opportunities alone.

If youre not ready to live here, rent both homes out. Subdivide now or later and laugh all the way to the bank.

New legislation regarding unhosted Airbnbs has already been introduced in certain metro areas as well as a couple of the rural regions, with a maximum 90-day stay permitted per year. This was done to level the playing field, as there is a desperate need for rental homes. Its not law in Albany (yet), but we do face an enormous shortage of rental homes, too. More information can be found here: https://www.planning.wa.gov.au/planning-reform/short-term-rental-accommodation-planning-reforms

The cherry on top for anyone interested in continuing a hosted B&B business is that were expecting a bumper tourist year in 2026 due to Albany celebrating its bicentenary 200 years! The whole year will be filled with events, and business will be booming. https://www.albany.wa.gov.au/news/major-event-program-sets-the-stage-for-albany-2026/1260

Qualified buyers are invited for private viewings, so please book in advance to ensure that the rooms are cleared and ready for viewing.

If you have any questions, please get in touch with the exclusive agent, Jess Adams, on 0410 631 335. Its blatantly obvious that this remarkable property in Albany's most prime location is an absolute winner, especially considering that youre getting two gorgeous homes - on a subdividable block - for less than the price of one. Be quick!