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Location and Value PLUS!
They say location is everything, but when you have location PLUS a development opportunity, you know you've hit the jackpot!
It’s not the prettiest house in the street, but this solid three-bedroom brick-and-tile home represents tremendous value for savvy investors, with a significant and subdividable land component of 728sqm and almost 20m frontage. With options galore (subject to council approval), consider the following;
Retain and renovate/extend the existing dwelling and enjoy a sprawling backyard on a full-sized lot
Retain the existing dwelling, make some structural modifications, subdivide and build a new home on the rear block
Demolish the existing dwelling, subdivide and build two brand-new homes
Rent out the existing dwelling and landbank while you consider your medium to long-term options!
Leased until April next year to help with holding costs whilst you plan your build, renovation or development
Now we have explored a few options, let's consider the fantastic location - one of the best pockets of Dianella! Families will appreciate Wellington Glover Reserve metres from your front door and proximity to local government and private schools. Westfield Galleria and Noranda IGA are nearby for grocery shopping and retail therapy, and there's a bus route less than a five-minute walk from home. Tucked between Morley Drive and Alexander Drive, accessibility is a key benefit of this fantastic location.
3d tour is available upon request.
Call Adam Whitford from Xceed Real Estate to discuss this opportunity further, on 0406 616 608.
Features include:
3 bedroom, 1 bathroom brick and tile home
Built 1968, on 728sqm block (zoned R-25)
Single carport, extra off-street parking
Jarrah floorboards in the living area and bedrooms
Ducted evaporative air conditioning
Electric oven and gas hob
Huge rear yard with a shed
Excellent investment and development opportunity
Location (approx. distances):
110m Wellington Glover Reserve
570m Noranda IGA supermarket
800m North Morey Primary School
880m Dianella Play Space and Dog Park
1.2km Morley Senior High School
1.8km Infant Jesus School
2.0km St Andrew's Grammar School
2.3km Westfield Morley Galleria
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 112 Wellington Road, Dianella is a three bedroom, one bathroom house sold by Adam Whitford at Xceed Real Estate on 01 Sep 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Dianella or see other recently sold properties in Dianella.
Cost breakdown
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Council rates: $1,739 / year
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Water rates: $1,086 / year
Nearby schools
Dianella overview
Dianella is a large established suburb that experienced its most significant development during the 'boom' years of the 1960s. Characterised by a variant range of home styles, Dianella has everything from modest post-war dwellings to expansive, contemporary double-storey homes dominating its landscape.
Life in Dianella
The Dianella Regional Open Space is a significant fixture of the suburb. Located in the heart of Dianella, the space is a landmark of the community providing locals with numerous recreational opportunities and includes a community centre, tennis courts and a soccer field. The suburbs main shopping centre is the Dianella Plaza, however there are a number of other small shops throughout that cater to basic retail requirements. Also in Dianella are several schools, a public library and a senior citizens centre.
Dianella quick stats
High end
$968k
Median
$760k
Low end
$625k
6.7 %
Annual growth
$760k
Annual median sales price
$680pw
Annual median rental price
