103 Williamson Avenue

Belmont WA 6104

103 Williamson is a 1963 Double Brick House with tile roof sitting on a large 1042sqm block zoned R20. Location is a superb cul-de-sac off Alexander Road (Bus Route), close to Primary and Secondary Schools along with shopping.It is an extremely tired house yet can be retained by removing the garage, creating a second block at the rear. There are already high quality recently built homes in this cul-de-sac. One of the images shows what is built next door which can be done at 103.- Property being sold on an "As Is" basis- Three bedrooms plus a sleep out or studyFor the right buyer you can restore the home or demolish and create two 521spm street front blocks. If you are looking for land to build for yourself this is a cheap way of securing your block and selling off the other. Build to rent? Many options, if you are a buyer wanting a large 4 x 2 or bigger with loads of land, perfect for a renovation- extension as its double brick on a concrete slab.Investors and developers, these big blocks are becoming fewer and far between!As reported by REIWA 8/6/23 listings have plunged to 5885, the lowest level since March 2010, 29.3% lower than 12 months ago. Homes are selling in a median of 12 days. The fastest selling since keeping records in 1998. Sales have outpaced properties coming to the market for the past 2 months. With a massive shortage of housing stock, migration to WA, Rents going through the roof, my gut & head tell me, meaningful capital growth is either upon us or about to start.Looks like a 2013/2014 Boom Time about to happen again, the way I read it.