Sold
1 Elvire Street, Midland WA 6056
Sold price: $342,000
Sold: 19 Jan 2022
Sold
-
3 Bedrooms
-
1 Bathroom
-
Landsize 926m2
House
View
SUBDIVISION POTENTIAL - AWESOME LOCATION
Now is the time to invest for the future and prosper with Financial Return!
Nestled within 150 metres of the Midland Gate Shopping Centre, City of Swan Administration Building, New Curtin University Building, Midland Health Campus, and more lies this beautiful property no 1 Elvire Street in Midland. This block boasts a 926sqm property with an R20 Current Zoning and previous Subdivision Approval ready to create 2 Big Large 450m2 properties.
Elvire Street is a family orientated street with a multitude of long term owners residing which in turn offers safety, security, and familiarity to the new buyers. This property is an absolute No Brainer for a new developer or first home buyer.
Being a block of this size in this prime location near the heart of Midland, the site offers 2 potential financial growth strategies.
1. Retain existing house and complete the existing subdivision approval ready to capitalize on some quick returns.
2. Remove existing house and build 2 beautiful new properties on 450m2 blocks with the option to sell or retain both.
Characteristics of this beautiful property include house and land on a 926m2 block currently Zoned R20 with previous subdivision approval - currently suitable for 2 Beautiful 4 x 2 Homes. Short walk to Midland shops, walking distance to bus stop and train station, 15 minutes from Perth Airport, 25 mins to Perth CBD, Guildford Grammar School nearby, existing R.O.W to access rear property. The rear of this property backs onto a forever reserve.
There is a sitting tenant who is very keen to stay on.
Call today for more details.
Property features
-
Air conditioned
-
Toilets
1
Property snapshot by reiwa.com
This property at 1 Elvire Street, Midland is a three bedroom, one bathroom house sold by Craig Goodridge at WELSH Real Estate on 19 Jan 2022.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Midland or see other recently sold properties in Midland.
Cost breakdown
-
Council rates: $1,590 / year
-
Water rates: $832 / year
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$587k
Median
$500k
Low end
$440k
28.2 %
Annual growth
$500k
Annual median sales price
$550pw
Annual median rental price
