This substantial brick and tile home is set on a one thousand, one hundred and sixty four square metre block with development potential in one of the areas most sought after suburbs and offers the astute buyer several options. You could choose to live in the home as is and enjoy the space with plenty of parking for your vehicles, boat, caravan or what have you. Alternatively, you may choose to rent the property out (remember the Perth rental market at the moment is HOT!) and 'land bank' the property while you consider your development options. Currently, the block is zoned R40 which would allow for three to four units to be developed on the block. In addition, there is the option to apply for an 'over 55's' development which would allow for a higher density code allowing additional dwellings to be constructed. You can fully preview this property by clicking the video link above where Sharon will walk you through the features of the property from front to back. Features: * Substantial brick & tile home * 1164m2 block zoned R40 * Current zoning offers option to develop 3 to 4 units * Further option available to apply for 'Over 55's' development zoning * 3 bedrooms * Study * 2 living areas * Split system air conditioning to living area * Side access * Workshop/garage in rear yard * Sewage connection available to front, south west corner of block * Please note: storm damaged fencing to be replaced prior to settlement * All development options subject to approvals from relevant authorities. * Current rental appraisal expected $370 - $390 per week Location Considered by many to be the jewel in the crown in the region, Shoalwater is a suburb in demand - and for good reason. Surrounded by ocean on three sides, a choice of any number of beaches, boat ramps, kayaking, windsurfing, fishing - Shoalwater residents get to enjoy a holiday lifestyle every day. And it's only a short drive to local and major shopping centres, Rockingham's famous restaurant and cafe strip and major transport links including the freeway and Perth to Mandurah train line are just a short drive away. For more information or to arrange a private viewing please contact Sharon Davey