R30 Zoning - Develoment opportunity(stca)

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324 Wharf Street, Queens Park WA 6107

EOI - R30 Develop (STCA)

Search Band Search Visibility Band

$800k - $880k High Confidence Calculated based on strong search observations.

House 2 Beds 1 Bath 4 Cars 827 m²

Listed: 10 hours ago

Overview

This property offers a prime development opportunity in the thriving suburb of Queens Park, Western Australia. Positioned on a generous and rectangular 827sqm block zoned R30, the site presents excellent proportions suitable for redevelopment or subdivision, subject to council approval. The existing dwelling is offered in an "as is" condition, making it ideal for buyers looking to renovate, demolish, or hold as a land bank for future development.

The potential for subdivision alongside the dedicated R30 zoning highlights the appeal for developers, investors, builders, or those seeking a valuable foothold in a growth-oriented area. With access to four parking spaces comprising one carport and three off-street parking spots, the site is functional for current use while offering significant upside.

The location is a key asset, situated mere moments from Westfield Carousel, a premier retail destination in Perth, and within close proximity to Cannington Community College and Gibbs Street Primary School. Moreover, public transport options are accessible with the local train station approximately 2km away, and the Perth central business district lies roughly 12km from the property. This established and high-demand suburb provides strong growth potential making this opportunity particularly attractive.

Securing this property allows purchasers to capitalize on the combination of excellent land size, strategic zoning, and convenient lifestyle amenities, while benefiting from a high-demand market environment. Such attributes present accessible value for those aiming for long-term investment or development projects.

Outgoings are estimated with water rates of approximately $906.45 for the 2024-2025 financial year and council rates around $1,800.25 per annum.

Local Market Insights

In Queens Park, Quiet Listings observed 41 new houses entering the market over the last 30 days, up from 36 during the previous 30-day period, with an average advertised asking price of $864,365. The property type mix of listed properties is predominantly Houses at 64%, followed by villas (13%), and land (10%). The most active agency for houses in the Queens Park area is currently Ray White, representing 17% 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.