60 Banyard Avenue

Kelmscott WA 6111

Note - **All Offers are Taken Via Openn Negotiation Platform. The sale Campaign is a Private Treaty & NOT an Auction, so the seller reserves the right to sell the property to any buyers of their choice.**
**PRICE GUIDE - Similar properties in the area have sold between $750k to $800k & offers are expected in/around/within that range**
**The property is currently Leased on a Fixed-term lease until 25/05/2026 at $500 per week.**
**Will be Sold AS AS/WHERE IS Condition (the offer CAN'T be subject to Building, Termite Inspection & Working Order Clause)**

Unlock the massive potential of 60 Banyard Avenue, Kelmscott. Positioned on an expansive 888m2 landholding, this property is a strategic goldmine for developers and savvy investors. With a high-density zoning of R25/R60 and a location just moments from the heart of the Kelmscott CBD, this site represents a rare opportunity to secure a high-yield project in a rapidly revitalising area.

• Development & Investment Highlights
- Substantial $888m2 Block: This significant land parcel provides a versatile canvas for a multi-dwelling residential project.
- High-Density R25/R60 Zoning: Under the current planning scheme, the R60 coding offers incredible density potential. Developers can explore options for multiple units or townhouses (Subject to Council Approval), maximising the return on investment.
- Prime "Buy and Hold" Asset: The existing dwelling allows for rental income while you navigate the planning and approval stages, making it an ideal "land bank" opportunity.
- Cleared Potential: The large, rectangular nature of the block simplifies the design process, allowing for efficient use of space and straightforward construction.

• Existing Dwelling Features
- Functional Layout: The original home comprises two well-proportioned bedrooms plus an additional sleepout area, offering flexibility for use as a third bedroom or home office.
- Separate Living Zones: The interior features a dedicated separate lounge and a combined kitchen and dining area, maintaining the classic charm and functionality of its era.
- Renovate or Detonate: While the true value lies in the land, the structure provides a solid base for those looking to renovate and add value, or a simple removal to make way for a modern masterpiece.

• Unbeatable CBD Location
- Walk to Everything: Located in the heart of Kelmscott, you are within walking distance to the Kelmscott CBD, featuring major supermarkets, specialty retail, and medical facilities.
- Superior Transit Links: Enjoy easy access to the Kelmscott Train Station and local bus routes, providing a seamless commute to the Perth CBD and surrounding suburbs.Community Amenities: Close proximity to local schools, the Canning River reserve, and a variety of cafes and restaurants ensures high demand from future tenants or buyers.
- Opportunities with R60 zoning on a block of this size are disappearing fast. Whether you are looking to develop immediately or secure a high-growth asset for the future, 60 Banyard Avenue is a must-see.

DISCLAIMER:-
**Photos from previous Sales/Rental listings have been used to protect the tenant/seller's privacy. The actual property condition may be different in reality.**
**Virtual Furniture Staging has been used in the photos. The images of the furniture at the property have been digitally altered or enhanced.**
**This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy, and interested parties should place no reliance on it and should make their own independent inquiries.
**The Best Realty Group have endeavoured to ensure the information is true and accurate, but accepts no responsibility and disclaims all liability concerning any errors, omissions, inaccuracies or misstatements.
**Reference to a school does not guarantee the availability of that particular school.
**ALL distances are estimated using Google Maps. Prospective purchasers should enquire with the relevant authorities to verify the information in this advert.
**ALL boundary lines and sizes on imagery are APPROX only.**