20 Birchley Cres, Balga

This is easily the best buy in Balga for all buyers, whether you're a developer, a budding developer or a first home buyer. There are a few triplex blocks available with the classic old 1960's post-war modern homes on them. They have beautiful jarrah floors, three bedrooms, one bathroom and huge yards. This home is no different. Its a bit rough around the edges and needs an update if you'd like to live in it. So what makes this the best buy? The secret is the granny flat.

On this block of 728sqm, you have two residences and both are currently rented to separate tenants. What does this mean for you? Well, for the investor you are getting a potentially positively geared property with a combined income of $550pw allowing you to hold onto this property while you submit the planning for the subdivision and build of three townhouses, plus you have a two bedroom, almost new granny flat to sell afterwards!

For home buyers, you have a home you can renovate and still rent out the Granny flat, effectively paying for half your mortgage. This gets you into the market and the owner of a triplex site at a much lower out of pocket expense.

Finally for extended families, although the main home needs an update, you can move your parents into the rear granny without having to go to the expense of extending.
Both properties are currently rented, the main home to long term tenants with leases expiring in the next couple of months.

Balga was once an 'outer' suburb of Perth but is now considered inner city with direct access to the city via the Freeway or by train. The suburb is being gentrified, as more and more of these old post-war homes are turning into stylish villas and townhouses. You're in a great location in Birchley Cres, only a stroll away from Celebration Park, a great reserve for kids to play and to walk the dog and walking distance to both primary and high schools. Public transport is very strong and you are spoiled for shopping centres from Stirling Central for local shopping to Karrinyup. The Stirling Leisure Centre is nearby and every Friday is the Balga Markets! And here you are only 15 minutes to some of Perth's best Northern Beaches.

This is a great opportunity to buy into a land bank in one of Perths closest developing suburbs, with the bonus of an income producing granny flat to help pay the mortgage or a positively geared investment awaiting development. No wonder this is your best buy in Balga!