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Overview
This property comprises a substantial 1970s duplex set on a generous 1204 square meters of land, offering a rare development opportunity in a quiet cul-de-sac location in Wanneroo. The duplex is currently well-kept, reflecting solid maintenance despite its age, and is leased to reliable tenants until March 2023, providing immediate income potential for investors.
The site’s development potential is underscored by prospects for subdividing or constructing up to five villas, appealing to developers or investors aiming for redevelopment in a neighbourhood undergoing significant renewal. The location benefits from close proximity to Wanneroo Shopping Centre and Wanneroo Primary School, enhancing its appeal for families seeking convenient everyday amenities.
Positioned in a tranquil cul-de-sac, the property enjoys privacy and reduced traffic, further complemented by the ongoing rejuvenation of the area. It offers significant flexibility with the option to purchase individual sections or both, providing tailored investment or living opportunities that suit varied purchaser needs.
Local Market Insights
In Wanneroo, Quiet Listings observed 2 new duplexes entering the market over the last 30 days, with an average advertised asking price of $529,500. The property type mix of listed properties is predominantly Houses at 66%, followed by land (20%), and commercial properties (11%). abrealtywa.com was the most active agency in this area, representing 24.5% 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.
Change History
| Headline | When |
|---|---|
| 700,000 | |
| $700,000 |
Location
Wanneroo WA 6065
Market Insights for Wanneroo WA 6065
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