241 & 243 Vincent Street, West Perth WA 6005

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Location

Market Insights for West Perth WA 6005

New Listings (last 30 days)

Average price

$3,048,729

Lowest price

$550,000

Highest price

$12,500,000

241 & 243 Vincent Street, West Perth WA 6005

Offers

Search Band

$3M - $3.25M Medium Confidence Calculated based on our search observations.

House 6 beds 2 baths 1305 m²

Listed: 7 days ago

Overview

This property presents an exceptional development opportunity in West Perth, featuring a substantial combined land area of 1,305 square meters zoned for high-density R80 residential use. Positioned within close proximity to Perth's CBD, the site comprises two existing homes, each with three bedrooms and a bathroom. These homes occupy adjoining blocks of 599 and 706 square meters respectively, offering a total of six bedrooms and two bathrooms.

The large scale of the land parcels, alongside the potential for a three-storey development, makes this site highly attractive for developers aiming to maximize residential yield in a strategic urban location. The neighbourhood benefits from excellent amenities and infrastructure, with convenient access to popular recreational areas like Beatty Park Leisure Centre and Leederville Oval, as well as transport routes including the Mitchell Freeway. The vibrant Oxford Street café strip and Perth CBD are just a short distance away, enhancing lifestyle appeal.

Council rates are provided for each block, allowing for clear financial planning. This offering is likely to appeal predominantly to developers and investors looking for versatile urban infill opportunities with substantial landholding and zoning flexibility. The existing homes also provide interim income or potential refurbishment possibilities in the short term. Overall, this site combines location, scale, and zoning advantages that are rare in the inner metropolitan market of Perth.

Local Market Insights

In Perth - Inner, Quiet Listings observed 59 new houses entering the market over the last 30 days, up from 52 during the previous 30-day period, with an average advertised asking price of $3,048,729. The property type mix of listed properties is predominantly Apartments at 44%, followed by houses (41%), and units (5%). The most active agency for houses in the Perth - Inner area is currently Ray White, representing 27% of new listings, followed by Belle Property with 22%. 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.