Sold
1 Coral , Scarborough WA 6019
Listed price: Offers
Sold: 23 Oct 2024
Sold
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18 Bedrooms
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12 Bathrooms
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Landsize 2,012m2
House
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The Money Maker 2012sqm
2012sqm Corner Block Development Opportunity. Call Jorden Peirce NOW
1 CORAL, SCARBOROUGH
Potentially Build up to 9 houses!!
Jorden Peirce presents this massive 2012sqm development site.
The property generates a high income via short term leases and also offers the ability to individually strata the existing 10 apartments and townhouses.
The current planning controls and approval precedents for nearby r40 projects, allows this land to be developed into up to 9 new lots!
OPTION 1 - Develop into 9 Townhouses or single storey villas. Sell end product to high demand market.
OPTION 2 - Renovate existing apartments and receive approx $6,000pw in rental return
OPTION 3 - Keep the current tenants in the properties, collect the rent to help service the loan. Enjoy the blue chip capital growth whilst servicing the debt.
OPTION 4 - Move into an apartment, rent out the rest to help service the debt.
OPTION 5 - Strata title the existing apartments and sell individually to the hot market!
Current Accommodation
House 1 - 2 bed 1 bath
House 2 - 2 bed 1 bath
House 3 - 2 bed 1 bath
House 4 - 1 bed 1 bath
House 5 - 2 bed 1 bath
House 6 - 3 bed 2 bath
House 7 - 1 bed 1 bath
House 8 - 2 bed 1 bath
House 9 - 1 bed 1 bath
House 10 - 2 bed 2 bath
Only a short walk to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Abbott Pk, Westfield Innaloo, Churchlands SHS and prestigious schools. The demand to move into this appealing suburb will surely increase!
Call Local Area Specialist Jorden Peirce 0416 300 431
Beat the Rush ! Follow me on Instagram for upcoming properties: https://www.instagram.com/capitalpropertymarketingwa/?img_index=1
Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller’s Agent and are expressly excluded from any contract.
Property snapshot by reiwa.com
This property at 1 Coral , Scarborough is a eighteen bedroom, twelve bathroom house sold by Jorden Peirce at Capital Property Marketing WA on 23 Oct 2024.
Looking to buy a similar property in the area? View other eighteen bedroom properties for sale in Scarborough or see other recently sold properties in Scarborough.
Nearby schools
Scarborough overview
Home to one of the most iconic beaches in Perth, Scarborough is a desirable coastal suburb within the City of Stirling. Its five square kilometre land area is predominantly used for residential purposes, though it does have a significant entertainment precinct that attracts people from all over the Perth metropolitan area and beyond.
Life in Scarborough
At the heart of Scarborough is the Scarborough Beach precinct. A popular ocean foreshore, it houses a hotel, a variety of shops, restaurants and of course a beautiful coastline.
There are several parks and reserves in Scarborough, such as Abbett Park which provides locals with sporting facilities for football, squash, lawn bowls, tennis and cricket. There are also two primary schools, a library and a community recreation centre within the suburb.
Scarborough quick stats
High end
$1.4m
Median
$1.2m
Low end
$938k
21.4 %
Annual growth
$1.2m
Annual median sales price
$800pw
Annual median rental price
