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2 Shakespeare Avenue, Yokine WA 6060

EOI - All Offers Presented

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$1.7M - $1.8M Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 1 Car 870 m² 128 m²

Listed: 58 days ago

Updated: 2 days ago

Overview

Situated in the established and accessible inner-northern locality of Yokine, 2 Shakespeare Avenue represents a significant opportunity for buyers interested in land development or residential living. The property is positioned on a substantial 870 square metre corner site, with dual street frontage to Shakespeare Avenue and Milton Street, enhancing its appeal and development potential.

The site is zoned Residential R30, suitable for a potential three-lot residential subdivision, subject to necessary approvals. This zoning supports various development concepts, including Green Title or Survey-Strata subdivisions, providing flexibility for purchasers looking to tailor their investment or development strategy. The regular shape and prominent corner location further amplify its suitability for boutique residential projects.

The existing three-bedroom residence, constructed circa 1960 with original kitchen and bathroom facilities, offers an interim holding-income option. This allows the new owner to generate rental returns while planning and approvals for redevelopment proceed, offsetting holding costs and offering practical flexibility.

Its proximity to Perth CBD, approximately 7 kilometres away, combined with nearby parks, schools, shopping areas, and transport links, make this property an attractive proposition. Buyers looking for an investment or development project in a well-connected neighbourhood will appreciate the underlying land value and potential this property offers.

Total land area: 870 sqm
Approx. 20m frontage to Shakespeare Avenue and 42.9m to Milton Street
Potential for a three-lot subdivision (subject to approvals)
Existing residence offering rental income during development planning
Conveniently located close to amenities and Perth CBD

Local Market Insights

In Yokine, Quiet Listings observed 16 new houses entering the market over the last 30 days, down from 18 during the previous 30-day period, with an average advertised asking price of $1,395,500. The property type mix of listed properties is predominantly Villas at 35%, followed by houses (31%), and units (19%). The most active agency for houses in the Yokine area is currently The Agency, representing 25% of new listings, followed by One Agency with 13%. 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.