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Terrific Development or Renovation Opportunity!
All Offers by 27th May
With R60 Zoning, this is a rare opportunity to cash in on the huge development potential of this well-located land holding that sits on 429m of land with street front and rear lane access and only 2.3km to the CBD, subject to council approval.
Alternatively, you can choose to renovate the current home. This is a 1935-built art deco bungalow with the current configuration of 2 bedrooms and one-bathroom, separate living, open plan kitchen and dining and separate laundry. Typical character features include high ceilings and jarrah floorboards, decorative cornices and ceiling roses.
With the current R60 zoning, the minimum lot size allowed is 120sqm and the average lot size is 150sqm. Astute developers will consider this as the perfect site to develop 2 designer homes with a maximum 3-storey height allowance, (STCA), with one facing the street and the other with laneway frontage. Otherwise, you can seek council approval to develop a 3-storey multiple apartment dwelling.
The home sits on relatively flat terrain and is situated close to the Highgate, Mt Lawley and Northbridge shopping and café precincts, only 2.3km from the Perth CBD and the nearby East Perth train station means access to anywhere in Perth is a breeze.
Nearby are a variety of recreational clubs and parks Such as Mt Lawley Golf Club and Beatty Park Aquatic Centre, a variety of gyms and health clubs and the Swan River and Burswood precinct only a short walk away.
The home is also in the intake zone for the popular Mt Lawley Senior High School with other sought-after private schools nearby including Perth College and Trinity College.
All Offers to be presented by 27th May, 2024 (The owner reserves the right to accept offers prior)
KEY FEATURES:
- 429sqm total land – 12.5m by 36.0m approx.
- Zoned R60 – Minimum lot size 120sqm – Average lot size 150sqm
- Potential for 2 grouped dwellings or 3 storey multiple dwellings (Subject to Council and WA Planning Commission approval)
- Flat Terrain
- Existing early 1935 built art deco home – high ceilings, jarrah floorboards, 2 bedrooms, 1 bathroom, kitchen/ dining, family, laundry
- On-site parking for 3 cars
- Rear lane access with single garage
- 2.3km to City
- Close to multiple Shopping and Café Precincts, sporting clubs, quality schools, and close to bus and train transport
- Located in City of Vincent
Property features
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Carports
3
Property snapshot by reiwa.com
This property at 51 West Parade, Perth is a two bedroom, one bathroom house sold by Daniel Porcaro at Mark Hay Realty Group on 14 May 2024.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Perth or see other recently sold properties in Perth.
Cost breakdown
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Council rates: $1,623 / year
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Water rates: $1,140 / year
Nearby schools
Perth overview
Perth is the bustling, exciting capital of Western Australia and the location of the Central Business District. With attractions such as Elizabeth Quay and the Bell Tower, the city basks in the stunning surrounds of the Swan River. Young, hip and evolving at a rapid pace, Perth is firmly establishing itself as a world-class city centre.
Life in Perth
With major developments underway in Perth to elevate the city’s cultural panache, Perth is experiencing a cultural awakening. Laneway bars and rooftop venues are in abundance, as well as a broad range of restaurants to satisfy any palate. Transport in and out of the city is convenient with the Perth Train Station and Bus Station as well as free CAT bus services. Carillion City, Forrest Chase and the Hay Street and Murray Street malls (to name a few) will appeal to retail addicts.
Perth quick stats
High end
$1.7m
Median
$1.4m
Low end
$1.2m
8.0%
Annual growth
$1.4m
Annual median sales price
$700pw
Annual median rental price
