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Opportunity! R40 Zoning 799 sqm
UNDER OFFER by Fraser Williams of BLOOM REAL ESTATE WA.
Location, zoning, opportunity - this property has it all in spades. Whether you are after an investment to take advantage of the rental climate, interested in land banking for future growth, subdividing (STCA) to maximise returns, or a family renovation project - this property allows all that and more.
The original 1960's solid brick and tile residence sits proudly back from the road on an elevated 799sqm block. With 3 bedrooms, 1 bathroom, single garage, HUGE covered alfresco, shed and a detached, powered studio, you have the bones in place to dream of this properties next chapter.
Zoned R40, there is the potential to subdivide and build on the rear section of the block, subject to council approval.
If you are interested in this golden opportunity, contact me today for more information - Fraser 0439 092 248 | [email protected]
Features:
• Detached, powered studio
• Separate shed
• Solar HWS
• Split system air-conditioning
• Large, paved, covered alfresco spanning width of house
Property features
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Air conditioned
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Garages
1
-
Floor area
102m2
Property snapshot by reiwa.com
This property at 104 Leach Highway, Melville is a three bedroom, one bathroom house sold by Fraser Williams at Bloom Real Estate WA on 24 Jan 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Melville or see other recently sold properties in Melville.
Cost breakdown
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Water rates: $1,065 / year
Nearby schools
Melville overview
Melville is a small suburb 11 kilometres south of Perth City. Its two square kilometre land area is bound to the north by Canning Highway and Leach Highway in the south. Melville's most substantial development took place in the 1950s.
Life in Melville
Though very close to many commercial sectors just outside of its boundaries, Melville is largely removed from urbanisation. Home to a number of parks and reserves, the suburb provides locals with numerous native public spaces to explore and enjoy. There are also two local schools, Melville Primary School and Melville Senior High School, and a recreation centre.
Melville quick stats
High end
$1.3m
Median
$1.1m
Low end
$896k
11.1 %
Annual growth
$1.1m
Annual median sales price
$685pw
Annual median rental price
