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Development Potential with Rental Income – 728sqm Block Zoned R40
Welcome to 142 Ravenswood Drive, Nollamara – a fantastic opportunity for investors, developers, or families looking to capitalize on a spacious block with subdivision potential. This 3-bedroom, 1-bathroom home sits on a 728sqm block and features a large workshop at the rear, perfect for hobbies or extra storage.
Zoned R40, the property offers incredible development flexibility, including the potential for a 3-lot subdivision. For those looking to de-risk, you could subdivide the rear block and retain the front home, creating multiple avenues for future profit.
Currently tenanted, this property is easily rentable and could seamlessly fit into your investment portfolio with tenants willing to stay longer on the right terms.
With options aplenty, this property won't stay on the market long! Book your private inspection with Steven Bethell and Adam Whitford today.
Property features
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Garages
1
Property snapshot by reiwa.com
This property at 142 Ravenswood Drive, Nollamara is a three bedroom, one bathroom house sold by Steven Bethell and Adam Whitford at Xceed Real Estate on 16 Oct 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Nollamara or see other recently sold properties in Nollamara.
Cost breakdown
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Council rates: $1,595 / year
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Water rates: $1,021 / year
Nearby schools
Nollamara overview
Are you interested in buying, renting or investing in Nollamara? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Nollamara offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
Our interactive map allows you to delve deeper into this suburb and locate points of interest like transport, schools and amenities. You can also see median and current sales prices for houses and units, as well as sales activity and growth rates.
Nollamara quick stats
High end
$668k
Median
$610k
Low end
$553k
31.2 %
Annual growth
$610k
Annual median sales price
$650pw
Annual median rental price
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