11 Spring Avenue, Midland WA 6056
$1,400,000
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3 Bedrooms
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2 Bathrooms
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Landsize 2,023m2
House
View
Rare Investment Opportunity: Massive 2023sqm Block with Existing Home
Discover the epitome of investment potential with this remarkable property offering!
Spanning an impressive 2023sqm, this parcel of land is a developer's dream, boasting current zoning (R40) for multiple dwellings.
Falling under the esteemed Local Town Planning Scheme 17 and with its substantial size the property offers the flexibility for possibly higher-density projects, mirroring the success of neighbouring developments.
Benefit from an updated and well-maintained 3-bedroom, 2-bathroom home and big shed on the property, offering comfortable accommodation for immediate occupancy or rental income.
Currently leased with potential rental income of $550-$600 per week while you strategize and secure approvals for future development, maximizing returns on your investment.
This property represents a rare chance to secure a substantial landholding with both immediate and long-term investment opportunities. Whether you choose to move in and enjoy the existing amenities or capitalize on its development potential, the possibilities are endless.
Seize this opportunity to secure your stake in a prime location poised for growth. For further details and to arrange a viewing (by appointment only) contact us today.
Disclaimer: Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, development feasibility, and any potential constraints. All development proposals are subject to council approval (STCA).
Property features include;
Big character
3 large bedrooms
2 bathroom
Updated kitchen
Combined kitchen/living and dining
Sleepout/study
Jarrah flooring
Air conditioning
Ceiling fans
Wrap around veranda
Shed
2023sqm block
R40 zoning
Nearby amenities
2km Swan Active
2.2km Midland Train Station
2.4km Midland Gate Shopping Centre
3.4km St John of God Midland
6.5km Swan Valley
14.8km Perth Airport
17.9km Perth CBD
Property snapshot by reiwa.com
This property at 11 Spring Avenue, Midland is a three bedroom, two bathroom house listed for sale by Rachael O'Dowd at First National Real Estate O'Dowd.
For more information about Midland, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Midland profile page.
If you would like to get in touch with Rachael O'Dowd regarding 11 Spring Avenue, Midland, please call 0439 467 270 or contact the agent via email.
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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
$480k
Median
$415k
Low end
$375k
13.3 %
Annual growth
$415k
Annual median sales price
$525pw
Annual median rental price
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