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Overview
This property at 40 Mirrabooka Avenue in Koondoola represents a unique opportunity for developers and investors, given its prime location and zoning allowing for R20/R40 triplex development potential. The existing family home, built in 1975 and offered for sale for the first time in 50 years, stands on a sizeable 730 square meter block with all structures historically approved by the Shire.
The residence includes four bedrooms and one bathroom, thoughtfully supplemented by an activity room and study, enhancing the flexibility of living or workspace options. The open plan kitchen merges seamlessly with a lounge area fitted with air conditioning, establishing a comfortable communal heart of the home. Additional living delights include an enclosed sunroom and patios that extend the living space into the outdoors, ideal for year-round enjoyment.
Security has been addressed with fitted security doors and windows, providing peace of mind for occupants. Further utility is afforded by a separate studio and two garden sheds, accommodating hobbies, storage, or potential home business uses. The generous parking capacity of six spaces supports residents and visitors alike, a rare asset for properties in this area.
Located within walking distance of essential amenities such as Mercy College, Roseworth Primary, and multiple childcare centers, the home is positioned to suit families and professionals prioritizing convenience. The combination of established infrastructure, development potential, and lifestyle amenity underscores the appeal of this offering.
The property commands reasonable ongoing costs with shire rates of approximately $1,900 and water rates near $841, adding to the value proposition. Overall, this property offers a solid foundation for redevelopment or renovation, perfectly situated for those seeking a foothold in Koondoola's evolving market.
Local Market Insights
In Koondoola, Quiet Listings observed 33 new houses entering the market over the last 30 days, up from 32 during the previous 30-day period, with an average advertised asking price of $847,303. The property type mix of listed properties is predominantly Houses at 81%, followed by duplexes (7%), and units (5%). The most active agency for houses in the Koondoola area is currently The Agency, representing 21% of new listings, followed by Reiwa with 18%. 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.
Change History
| Headline | When |
|---|---|
| Under Contract | |
| $700,000 | |
| From $700,000 |
Location
Market Insights for Koondoola WA 6064
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