Unlock the future potential of this expansive 763sqm property, ideally located just a couple hundred meters from Morley Galleria. With the versatility to develop, rejuvenate, or simply invest, this original 1960s-built 3-bedroom, 1-bathroom home offers a strategic opportunity in Morley's vibrant landscape. Featuring high ceilings and a spacious layout, the home is in well-maintained original condition. With an excellent tenant already in place, it provides reliable rental income and a sound investment while you plan future developments or enjoy the property as it is.
This rectangular, flat block boasts an 18.9m frontage, enhancing its appeal for multi-unit development (Subject to Council Approval). Recent developments on similar-sized blocks along Wheeler Street showcase the potential for up to five units, making this property ideal for developers or those land-banking for their future. The backyard, partially divided with a Colorbond fence, presents additional options for land use and configuration, including a possible retain-and-build subdivision or future multi-dwelling projects (see Disclaimer below).
Set on a peaceful street with excellent access to an abundance of local amenities, including parks, schools, and transport (including Morley Bus Station and the upcoming Morley Train Station nearby), this property is also just a short drive from Perth Airport and the CBD. The connectivity and lifestyle conveniences on offer further enhance the appeal of this prime redevelopment opportunity.
SUMMARY OF FEATURES:
• 763sqm Green Title Lot with R40/R60 zoning for versatile multi-unit development potential (STCA)
• Flat block with a wide 18.9m frontage and 40.2m depth (approx)
• Original 1960s brick-and-tile home with 3 bedrooms and 1 bathroom
• High ceilings and spacious layout in a well-maintained original condition
• Reliable rental income with an excellent tenant in place
• Large backyard with Colorbond fencing separating an approximately 320sqm vacant portion
• Close to local parks, shops, and Morley Galleria, with easy access local amenities and Perth Airport
LOCATION ASPECTS: (Distances are approximate)
50m - Nearest Bus Stop on Wheeler St (plus Walter Rd West - 130m)
250m - Morley Galleria and Greater Union
350m - Greater Union / Event Cinemas
500m - Morley Sports and Recreation Centre
600m - Coventry Village
750m - Morley Primary School
1.4km - Infant Jesus School
1.4km - Bayswater Waves
1.9km - John Forrest Secondary College
10-15km - Perth Domestic and International Airports
Contact Matt for further information or to register your interest to attend this weekend's home open.
Disclaimer: All information provided in this advertisement is intended for general reference only. Buyers are encouraged to conduct their own due diligence regarding property development, zoning, and subdivision potential, including consulting with the City of Bayswater or other relevant authorities. Harcourts Alliance and its representatives make no warranty or representation as to the accuracy, reliability, or completeness of any information provided and do not accept liability for any loss or damage that may arise from reliance on such information
Property ID: #L31443696
