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52 Charles Street, Midland WA 6056

$909,000

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$909k - $954k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 1 Bath 2 Cars 1012 m²

Listed: 12 hours ago

Overview

This substantial Midland property offers a unique blend of comfortable living and formidable development potential, set on a rare 1,012 square metre block zoned R40/60. Perfectly suited for developers, investors, and landbankers, the site beckons those looking to capitalize on its scope for subdivision while enjoying immediate rental returns.

The existing residence provides a practical and spacious layout tailored for everyday life. It includes four generously sized bedrooms accompanied by a single bathroom, ideal for providing functional accommodation that complements the property's future potential. The open-plan kitchen seamlessly connects with the dining and living areas, ensuring an adaptable living environment.

Investors will appreciate the property's current tenancy, which generates annual rental income around $34,320 with a lease secured until May 2027. This steady cash flow offers an attractive holding option while exploring subdivision or enhancement possibilities.

At the heart of this offering is the extensive landholding, allowing prospective buyers to consider a four-unit subdivision subject to planning approvals. The R40/60 zoning unlocks flexible development outcomes, encouraging visionary projects that can amplify the property's value and cater to the evolving residential demand.

Strategically located close to shopping centers and public transport, the property ensures convenience for occupants and tenants alike, supporting both its present appeal and future livability.

Whether the strategy is to retain and rent, develop in stages, or landbank for growth, this Midland address provides the foundations and potential to tailor an investment aligned with specific ambitions and timelines. It stands as an exemplary opportunity to secure space, income, and versatility within a sought-after locale.

Local Market Insights

In Midland, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 51 during the previous 30-day period, with an average advertised asking price of $1,018,923. The property type mix of listed properties is predominantly Houses at 69%, followed by units (8%), and apartments (8%). The most active agency for houses in the Midland area is currently Earnshaws Real Estate, representing 15% of new listings, followed by The Agency 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.