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Overview
Situated on a spacious 751sqm block in the desirable suburb of Greenwood, this property offers a unique opportunity for investors, builders, or homeowners with vision. The existing house has been significantly damaged by fire, presenting a blank canvas for major renovation or complete redevelopment subject to relevant approvals. This flexibility allows for a customised design or the potential subdivision into two separate lots, pending legislative changes to the Residential Design Codes.
The generous land size provides ample space to create a new home that suits modern lifestyle requirements or to undertake a redevelopment project in a leafy, well-established neighborhood. Greenwood’s appeal is enhanced by its tranquil environment and access to local amenities, making it suitable for a variety of buyers including builders looking for a project, renovators seeking value-adding potential, or investors aiming to capitalise on the land’s redevelopment prospects.
This listing represents more than just a property; it is an opportunity to reimagine and rebuild in a sought-after location. Due to its condition, the property will be sold as a demolition site with no walk-throughs available.
Local Market Insights
In Greenwood, Quiet Listings observed 10 new houses entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $945,000. The property type mix of listed properties is predominantly Houses at 73%, followed by duplexes (13%), and land (7%). The most active agency for houses in the Greenwood area is currently Ray White, representing 40% of new listings, followed by Davey Real Estate with 20%. 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
Market Insights for Greenwood WA 6024
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