Retain & Build on 871sqm - Perfect for Investors or First Home Buyers

Inspection Times

Description

Welcome to 36 Stead Street - a solid and spacious 3-bedroom, 1-bathroom home with huge potential, set on a generous 871sqm block in a quiet, well-established street of Maddington. Built in 1965, this brick-and-tile residence is full of opportunity for future development, with wide side access making it ideal for a retain and build project (STCA).

nside, the home offers a practical layout with a light-filled lounge, a functional kitchen and dining area, and three comfortable bedrooms. One of the standout features is the large separate games room, providing a flexible second living space that could easily be used as a home theatre, studio, office, or teenager's retreat. With plenty of outdoor space and easy access to the rear, the property is perfect for those looking to add value or subdivide in the future.

Whether you're a seasoned investor or a first-time buyer looking for space and potential, this property delivers on both fronts.
(Currently leased at $550 per week until the end of 2025) providing secure rental income from day one.

Property Features:
-3 well-sized bedrooms
-1 bathroom with separate toilet
-Spacious front lounge with natural light
-Functional kitchen and meals area
-Large separate games room - versatile extra space
-Solid brick & tile construction (built in 1965)
-Huge 871sqm block with wide side access
-Potential to retain the existing home and build at the rear (STCA)
-Generous backyard with future development scope
-Quiet, family-friendly location close to shops, schools, parks, and transport
-Ideal for investors, developers, or first home buyers
- Current Rental Return: $550/week (leased until end of 2025)
-Approximate Current Market Rental Appraisal: $700/week

CALL ERFAN HASSANI NOW TO ARRANGE A VIEWING ( 0403 558 043 )