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29 Koondoola Avenue
Koondoola, WA 6064
Open Tender: highest offer above $850000 by May 1
Overview
Rare R20/60 Development Block with WAPC Approved Subdivision...
This property at 29 Koondoola Avenue is situated in the rapidly evolving suburb of Koondoola, offering a rare opportunity for investors and developers. It features a substantial development block of 692 square meters, zoned R20/60, with an approved subdivision plan by the Western Australian Planning Commission (WAPC). This approval, valid until February 13, 2026, allows for a Survey Strata plan, providing flexibility for future development projects.
The existing residence is a comfortable family home comprising three bedrooms and one bathroom, with an internal living area of approximately 89 square meters. The home is currently leased until November 2026, providing immediate rental income potential for investors. The property’s location is highly convenient, being close to local shops, parks, schools, public transport, and within reasonable distance to the Perth Central Business District.
Due to the owners' travel commitments, on-site inspections are limited to a three-day period from May 11 to May 13, with prior negotiation required for other viewing times. The property is offered via an open tender process, with the highest offer above $850,000 to be submitted by May 1, unless sold prior.
This versatile property presents multiple options: maintain the existing home for rental income or capitalize on the development potential by creating up to three new units, subject to planning approvals. Its generous block size and strategic location make it an attractive prospect for those looking to invest in a growth suburb with strong development prospects.
Features include proximity to parklands, schools, shopping facilities, and transport links, enhancing the lifestyle and convenience for future occupants. Interested parties are advised to conduct their own due diligence and independent enquiries as the information provided is for general purposes and may be subject to change.
Location
Koondoola WA 6064
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 89 sqm |
Market Insights for Koondoola WA 6064
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
