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42 Cheltenham Loop, Bertram WA 6167

From $599k

Search Band Search Visibility Band

$550k - $600k High Confidence Calculated based on strong search observations.

Land 618 m²

Listed: 22 days ago

Overview

42 Cheltenham Loop in Bertram presents an exceptional landholding opportunity within an established community, boasting an approximate 618 square meter parcel zoned R30. This substantial site is well-suited to those seeking flexibility in creating their ideal home or investment project.

The land currently features a residence impacted by fire damage, providing a unique prospect for various redevelopment paths. Prospective buyers have the option to rehabilitate the existing structure or opt for a complete demolition to design a new family residence from the ground up. This flexibility caters to individuals wanting to tailor their living environment to their specific preferences.

Furthermore, the R30 zoning opens significant potential for developers and investors interested in subdivision possibilities. The site could be divided into two lots, subject to necessary approvals, enabling the development of dual homes. This provides the scope for a profitable scenario involving the construction, sale, or retention of multiple dwellings, appealing to a range of strategies from build-to-sell to long-term investment.

For owner-occupiers, the generous size allows for expansive design possibilities and the benefit of residing in a mature suburb with convenient access to nearby schools and amenities. The location in Bertram supports community-oriented living, with several government and private educational institutions close by.

Overall, this land parcel is an attractive opportunity for diverse buyer profiles, including builders, developers, investors, and families looking to secure a sizeable plot with development prospects in Western Australia’s growing residential market.

Local Market Insights

In Bertram, Quiet Listings observed 7 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $584,571. The property type mix of listed properties is predominantly Houses at 75%, followed by land (12%), and townhouses (4%). The most active agency for land in the Bertram area is currently The Agency, representing 29% of new listings, followed by Ray White with 14%. 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.