RENOVATE OR DETONATE? THE ADDRESS IS THE EASY DECISION.

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9 Drake Way, Morley WA 6062

EOI

Search Band Search Visibility Band

$1.1M - $1.21M High Confidence Calculated based on strong search observations.

House 4 Beds 2 Baths 708 m²

Listed: 56 days ago

Updated: 4 days ago

Overview

Situated directly opposite a beautiful park in the established suburb of Morley, this property stands out for its exceptional location and generous land offering of approximately 708 square meters. The existing home provides versatile options for the discerning buyer: whether to renovate and enhance the current structure, reimagine the space creatively, or embark on a new development project.

The land's size and position offer significant potential, inviting possibilities such as constructing two contemporary single-storey homes side by side or designing two impressive double-storey residences to maximize park views. Such flexibility makes this property particularly appealing to developers or families seeking a prime site with room for expansion or redevelopment, subject to relevant planning approvals.

Beyond the immediate appeal of the land, the property's proximity to local amenities further adds to its desirability. With the park across the road and convenient access to Inglewood and Mt Lawley cafe strips, the location is well suited for those valuing lifestyle and connectivity. Educational institutions and essential services within Morley are easily accessible, facilitating a balanced and convenient living experience.

This address is truly about long-term potential and lifestyle opportunity, making the decision less about the existing house and more about the strategic value of the site and its surroundings.

Local Market Insights

In Morley, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $1,042,189. The property type mix of listed properties is predominantly Houses at 75%, followed by townhouses (16%), and land (4%). The most active agency for houses in the Morley area is currently Beaucott, representing 27% of new listings, followed by Ray White with 11%. 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.