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Overview
FLEXIBLE TRIPLEX DEVELOPEMNT OPPORTUNITY ON THRIVING GREEN STREET
This property presents a flexible triplex development opportunity located on the thriving Green Street in Joondanna. It is a rare chance to capitalize on a high-growth R40 development site within walking distance to major shops, excellent schools, and Glendalough Station, making it an ideal acquisition for investors, builders, developers, or those looking to land bank for the future.
The site occupies a large allotment of approximately 737 square meters (42.7m x 17.2m) and features dual R20/R40 zoning, offering potential for a triplex development subject to council approval (STCA). The existing character home on the property can be retained to generate rental income while development approval is sought, providing a valuable income stream during the planning phase.
The home itself is functional and spacious, featuring a light-filled living and dining area, a well-equipped kitchen, two large bedrooms, and a modernized bathroom. Additional versatile rooms and an expansive undercover alfresco area enhance the living space, offering flexibility for various lifestyle needs.
Outdoor living is complemented by a sparkling inground pool, providing ample space to create a dream outdoor lifestyle. The property also includes a large double carport and additional parking spaces, accommodating up to three vehicles.
Location benefits include proximity to parklands, sports reserves, and several reputable schools such as Mount Hawthorn Primary School, St Denis Catholic Primary School, Servite College, and St Kieran Catholic Primary School. The property is also conveniently close to Dog Swamp Shopping Centre and major shopping precincts along Scarborough Beach Road, with easy access to Glendalough Station for public transport.
Additional features of the home include split-system air-conditioning, ceiling fans throughout, external roller shutters, and a space-efficient laundry, all contributing to comfortable and convenient living.
This high-value property in a sought-after location offers an exciting opportunity for long-term wealth generation. Its strategic location and development potential make it a highly attractive prospect for a range of buyers.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
Location
Joondanna WA 6060
Market Insights for Joondanna WA 6060
Other properties in this postcode
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