5 Rees Place, Wannanup WA 6210

Offers Over $520,000

2 beds

1 baths

1 parking

Endless Potential in Wannanup – A Developer's Dream or Perfect Reno Project!

Nestled in the heart of Wannanup, this classic 1955 shack offers a rare opportunity for those with vision and ambition. Set on a sprawling 993sqm corner block offering sub division potential for two lots (conditionally approved), this property is brimming with potential – whether you're looking to renovate, develop, or start fresh with a new build. With its prime location, across the street from the beloved Friar Tucks pub and only moments from the pristine beaches, marina, and estuary, this address promises both lifestyle and investment potential.

Property Features:
-Spacious 993sqm corner lot
-Sub divide to two lots to maximise value
-Two generously sized bedrooms
-One bathroom
-Basic kitchen setup
-Living area with a sleep-out
-Connected to sewerage and scheme water
- Sub division potential to two lots

Highlights:
-Currently rented to a fantastic tenant until October 2025, earning $380 per week
-Huge scope for renovations or redevelopment
-Prime location

With the right vision, this gem can be transformed into something truly special. Whether you're a savvy investor or looking for a family project, this property is your blank canvas.

Act now and unlock the possibilities this rare Wannanup property has to offer! Contact Team Chris & Kelsey to arrange a private viewing

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DISCLAIMER: This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgement about the information included in this advertisement. Century 21 Coast Realty provides this information without any express or implied warranty as to its accuracy or currency.

Property Details

• Type: House
• Bedrooms: 2
• Bathrooms: 1
• Garage Spaces: 1
• Land Area: 993 m² (approx)