104 Norman, Innaloo WA 6018
Offers
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4 Bedrooms
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2 Bathrooms
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2 Cars
House
View
Duplex Pair with Quad Development Potential - Call Jorden Peirce Now
Buildings can also be sold individually! Call Jorden Peirce to discuss
Superbly located in one of Innaloo’s most sought after street, this massive development property will appeal to many buyers with 872sqm of land!
Only a short drive away to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and public transport hubs. The demand to move into this appealing suburb will surely increase!
In a R40 zoned with street frontage of 20.1m, this property shows potential opportunities to develop up to four homes. The block is slightly elevated at the with possible views of Perth CBD from a second level!
OPTION 1 - Subdivide into 4 lots. Sell individual lots as house and land packages.
OPTION 2 - Develop into 4 double storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Rent out the properties and potentially collect up to $1500p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into one house whilst renting out next door. Use the $750p/w collected to help service the debt and develop down the track or just land bank
OPTION 5 - Buy just one building and gain entry into this sought after suburb with large backyard.
*Subdivision is subject to successful approval. A 4 lot development is possible. A 5% variation to the average lot size requirement is needed
The property already contains two renovated duplex homes with the ability to return a combined rent of $1500p/w.
FEATURES OF EXISTING HOMES:
- 2 Large open plan living areas
- 2 large backyards
- 4 Double bedrooms
- Built in wardrobes
- Double Garage
- 2 kitchens
- 2 bathrooms
- plenty of parking for boats or caravan
- Hard wired smoke alarms
- RCDs
- Alfresco
Be Quick! Opportunities like this don’t come around often!
Call Jorden Peirce on 0416 300 431 and register your interest today!
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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 features
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Garages
2
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Toilets
2
Property snapshot by reiwa.com
This property at 104 Norman, Innaloo is a four bedroom, two bathroom house listed for sale by Jorden Peirce at Capital Property Marketing WA.
For more information about Innaloo, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Innaloo profile page.
If you would like to get in touch with Jorden Peirce regarding 104 Norman, Innaloo, please call 0416 300 431 or contact the agent via email.
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Innaloo overview
Innaloo is a mixed-use suburb 10 kilometres from Perth City. It is bound by Karrinyup Road to the north, Mitchell Freeway to the east, Scarborough Beach Road to the south and Huntriss Road to the west. Extensive development of Innaloo began in the 1940s, with many of the homes that stand today renovated or restored versions of the original heritage buildings.
Life in Innaloo
With the beach close by as well as major shopping and retail facilities, Innaloo provides an enviable mix of urban and suburban benefits. Westfield Innaloo Shopping Centre is a central fixture of the suburb and is a major retail and commercial centre within the Perth metropolitan area. Parks and walkways feature throughout as well as recreational facilities, primary schools and other smaller shopping facilities.
Innaloo quick stats
High end
$808k
Median
$730k
Low end
$650k
11.5 %
Annual growth
$730k
Annual median sales price
$700pw
Annual median rental price
