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Overview
This rare development-ready vacant land parcel at 1/144 Wharf Street, Cannington, offers a unique opportunity to build without delay in one of Perth's most promising transformation precincts. With development approval in place for a double-storey dwelling, the 197 square metre block eliminates the usual planning hurdles, enabling prospective owner-builders, developers, and investors to commence construction with confidence.
Strategically located within immediate reach of the Perth CBD and surrounded by significant infrastructure projects, including the METRONET upgrade and the Cannington Station redevelopment, this site promises to benefit from enhanced accessibility and future growth prospects. The locality is well-positioned to deliver long-term value, given its proximity to key amenities such as Westfield Carousel and Crown Perth.
- A compact yet practical 197 sqm block, providing an optimised footprint for stylish urban living or investment ventures.
- Pre-approved development for a double-storey residence, streamlining the build process and accelerating timeframes.
- Well-connected transport links and ongoing infrastructure upgrades, enhancing convenience and lifestyle.
- Ideal for those seeking a shovel-ready project in a sought-after metropolitan precinct.
This property is particularly suited to buyers prioritising location, future potential, and the readiness to develop immediately. The absence of constructed buildings encourages a custom approach tailored to individual requirements. Additionally, the surrounding community’s ongoing revitalization offers a promising environment for capital growth.
Quarters such as strata fees are modest, with an approximate quarterly charge of $389, underscoring the practical cost considerations for future owners.
Local Market Insights
In Cannington, Quiet Listings observed 8 new parcels of land entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $906,000. The property type mix of listed properties is predominantly Houses at 66%, followed by apartments (13%), and land (8%). Stratton Realty was the most active agency in this area, representing 40.2% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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.
Location
Cannington WA 6107
Market Insights for Cannington WA 6107
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
