Sold
11 Phillips Place, Karrinyup WA 6018
Sold price: $755,000
Sold: 02 Sep 2023
Sold
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2 Bedrooms
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1 Bathroom
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1 Car
Duplex
View
UNDER OFFER
If you are looking for location and value you have found it here. In what must be one of the best pockets of Karrinyup, this is where serenity and connectivity go hand in hand. Fronting a quiet cul-de-sac but literally around the corner from schools, Karrinyup shopping centre, parks, transport and every amenity this 2 bed duplex villa is a compelling value proposition.
The older home has good bones and solid brick and tile construction that lends itself well to immediate rental, low maintenance living or a great renovation project.
The real jewel in the crown for the astute purchaser, however, is the strategic land component.
Strata Plan 4290 is approx. 969sqm of land zoned R30 (Triplex Potential) and comprises only 2 lots - 11 Phillips Place Karrinyup and your duplex neighbour, 46 Jackson Ave Karrinyup, that is also being marketed for concurrent sale (so you can buy either individually or both together). The significant land component underpins your value while the house itself provides income potential or a low maintenance home.
While this property is currently defined by the original strata act, the Seller will entertain a conversion to survey strata should the incoming buyer prefer this option.
This is what people mean when people talk about a property being a “smart buy”.
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 11 Phillips Place, Karrinyup is a two bedroom, one bathroom duplex sold by Sven Robertson at Realmark Coastal on 02 Sep 2023.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Karrinyup or see other recently sold properties in Karrinyup.
Nearby schools
Karrinyup overview
Karrinyup is a mixed-use residential and commercial suburb. The name Karrinyup was originally derived from the word Careniup, a Noongar name for a nearby swamp, which means "the place where bush kangaroos graze". Major development of Karrinyup began in 1957 and continued for a number of decades resulting in a variant range of dwelling and home styles reflective of the eras they were originally built in.
Life in Karrinyup
Karrinyup's commercial focus revolves around the Karrinyup Shopping Centre, which is home to a host of retail shops and amenities that service both locals and visitors alike. Parks and reserves are another notable feature within the suburb, which includes both public and private golf courses for locals to enjoy. There are also several schools, recreational facilities, a community centre and a library.
Karrinyup quick stats
High end
$1.5m
Median
$1.2m
Low end
$920k
7.1 %
Annual growth
$1.2m
Annual median sales price
$850pw
Annual median rental price
