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Overview
This substantial land holding in Morley presents a rare and versatile opportunity, with two adjacent properties combining for over 1,070 square metres of R40/60 zoned land and a frontage measuring 24 metres. Positioned within the 'Central City Area' zoning, the site accommodates significant development potential, making it appealing for investors, developers, or owner-occupiers considering future expansion.
The existing two homes on the site can be retained and rented out, or the land can be transformed into apartments or units following appropriate approvals from the Western Australian Planning Commission and local council. This flexibility caters well to those seeking land banking prospects or to capitalise on the growing demand for residential accommodation in Western Australia.
Strategically located within walking distance of key amenities such as the Morley Galleria, Myers department store, Coventry Village Shopping Centre, medical facilities and diverse dining options, the property provides convenience and connectivity. Easy access to Reid and Tonkin Highways links residents directly to Perth city, situated less than 13 kilometres away, ensuring practicality for daily commuting.
Whether for first home buyers, growing families, FIFO workers, or astute investors, this rare commodity offers a foundation for a variety of residential projects. The substantial land size and zoning parameters provide the foundation for imaginative developments that can thrive in the evolving housing market of the region.
Local Market Insights
In Morley, Quiet Listings observed 20 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $905,750. The property type mix of listed properties is predominantly Houses at 68%, followed by commercial properties (12%), and villas (9%). The most active agency for houses in the Morley area is currently Ray White, representing 20% of new listings, followed by Crush Realty with 15%. 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
Morley WA 6062
Market Insights for Morley WA 6062
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