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2 Padbury Terrace, Midland WA 6056

From $799,000

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$799k - $839k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 2 Cars 650 m²

Listed: 3 hours ago

Overview

Situated in the vibrant heart of Midland, this property offers a rare opportunity centered primarily around the land. Spanning 650 square meters, the parcel provides a generous footprint ideal for redevelopment, appealing to developers, investors, or visionary builders seeking substantial growth potential within an established urban precinct.

Positioned under the METRONET East Redevelopment Scheme within the Midland Redevelopment Area - Victoria Precinct, the property's zoning provides for diverse possibilities including residential, multiple-dwelling, and mixed-use developments, subject to approvals. Planning guidelines permit up to 9 to 12 storeys in height, opening the door to significant development scale and value creation.

The existing dwelling is a two-bedroom home with period touches such as timber floors and decorative ceilings. However, it has aged considerably and would either require extensive restoration or more likely demolition to unlock the site's full potential. This blank canvas situation enables flexibility for a fresh build or a thoughtful renovation approach for those interested in retaining character.

Notably, the site is not heritage listed, removing constraints on redevelopment, and benefits from an excellent central location close to essential services and infrastructure. Proximity to Midland Train Station, extensive shopping including Midland Gate, healthcare facilities like St John of God Hospitals, and major road links enhances the appeal for future occupants or commercial users.

Generous 650sqm land size with approximately 15.55m frontage and rear boundaries, plus 41.78m side boundaries.
Exceptional connectivity in one of Perth's key metropolitan hubs.
Planning provisions support multiple development and commercial possibilities subject to approval.
Existing residence offers character features but requires considerable work.
Suitable for a wide range of uses including residential apartments, offices, consulting rooms, healthcare, childcare, and more.

This property is significant for those looking to capitalize on Midland's ongoing evolution and the opportunities afforded by government-backed redevelopment frameworks. It invites creative, ambitious stakeholders to conceive a future use that taps into the area's infrastructure and growth momentum.

Prospective buyers are advised to conduct due diligence and seek advice from DevelopmentWA and the City of Swan to understand and confirm the scope of planning permissions and development returns prior to purchase.

Local Market Insights

In Midland, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 44 during the previous 30-day period, with an average advertised asking price of $969,208. The property type mix of listed properties is predominantly Houses at 70%, followed by units (11%), and commercial properties (10%). The most active agency for houses in the Midland area is currently The Agency, representing 21% of new listings, followed by Earnshaws Real Estate with 19%. 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.