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Overview
This property offers a compelling development prospect on a generous 701sqm block in the highly sought after area of Nollamara, on the boundary of Yokine. Zoned R40, the site holds significant potential for redevelopment, attracting developers, investors and land bankers seeking future value.
The existing residence is a modest three-bedroom, one-bathroom fibro home providing holding income through a periodic lease arrangement at $600 per week. This arrangement allows investors to secure an immediate rental return while planning redevelopment (pending necessary approvals).
Strategically positioned, the property benefits from convenient access to essential amenities including schools, parks, shopping centres, and public transport. Its proximity to major arterial roads enhances connectivity, while nearby attractions such as the Western Australian Golf Club add lifestyle appeal. Located about 8km from Perth's CBD, it offers a blend of suburban calm and urban accessibility.
Additional features enhancing the site's versatility include side access, a sizable rear yard, and a shed, facilitating various development or usage possibilities. This combination of location, land size, zoning, and income generation makes it especially appropriate for those looking to capitalize on growth opportunities in the area.
- Generous 701sqm block with R40 zoning
- Existing tenant providing immediate holding income
- Strong development potential subject to approvals
- Convenient proximity to amenities and transport
- Ideal for developers, investors, and land bankers
- Side access with large rear yard and storage shed
- Close to Western Australian Golf Club and Flinders Square Shopping Centre
- Approximately 8km to Perth CBD
Local Market Insights
In Nollamara, Quiet Listings observed 33 new houses entering the market over the last 30 days, down from 41 during the previous 30-day period, with an average advertised asking price of $802,485. The property type mix of listed properties is predominantly Houses at 59%, followed by villas (32%), and land (5%). The Agency was the most active agency in this area, representing 49.1% 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
Nollamara WA 6061
Market Insights for Nollamara WA 6061
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