RARE 1,377m² R25 DEVELOPMENT OPPORTUNITY | TWO TITLES | POTENTIAL 4 LOTS

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7-9 Fort Street, Morley WA 6062

From $1,490,000

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$1.49M - $1.56M Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 1377 m²

Listed: 57 days ago

Updated: 34 days ago

Overview

This property offers an exceptional opportunity for developers, investors, and future-oriented buyers with its rare combination of two adjoining titles and a substantial total land size of 1,377 square metres. Located on the convenient border of Morley and Bedford, the site benefits from R25 zoning, allowing for potential subdivision into up to four lots, subject to approval.

Within the site stands a functional two-bedroom, one-bathroom home that presents an option to rent while pursuing development approvals, providing flexibility for immediate use. The property's size and zoning are complemented by its prime location, walking distance to well-regarded schools including John Forrest Secondary College and Hillcrest Primary, which makes it an attractive proposition for families considering future expansion.

Beyond education, the location is supported by easy access to essential amenities such as the Morley Galleria Shopping Centre, a well-connected bus station, local parks, and recreational facilities like the Embleton Golf Course. Transport links are excellent, with Tonkin Highway nearby and just about eight kilometres from the Perth CBD, offering practicality for professionals and commuters.

This development site stands out not only due to its large footprint and zoning privileges but also due to its strategic position within a sought-after growth corridor. Whether the intended use involves holding the investment, immediate rental income, or future subdivision and development, this property provides a diverse range of opportunities to suit various investment goals.

Local Market Insights

In Morley, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $948,063. The property type mix of listed properties is predominantly Houses at 83%, followed by land (5%), and villas (5%). The most active agency for houses in the Morley area is currently Beaucott, representing 31% of new listings, followed by KA-CHENG Property Group with 17%. 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.