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GOLDEN LOCATION
Strategically located on 1012m2 of prime riverside real estate, this 1960's block of 8 apartments offers the prudent buyer with an eye for quality and a true multitude of options in one of Perth's premier Blue Chip locations.
The block of 6 x 1 Bedroom (48m2 to 53m2) and 2 x 2 Bedroom (58m2 to 63m2) apartments are already strata titled, offering immediate upside potential and feasibility.
All apartments are well presented and feature parquetry flooring, balconies, and built to last! With undercover parking and glorious leafy surrounds, these apartments are constantly sought out by UWA students and medical staff of SCGH and Hollywood Hospital.
Whilst the property is in such a dynamic location, it also leads itself to further options being a corner location with development potential under the current scheme to build up to 3 storeys with a 0.7 to 1.0 plot ratio, or maybe subdivide into building blocks with their own street frontage.
With a significant increase due in rents at the end of March, this property offers so many possibilities.
- Refurbish and hold long term
- Revamp and rent as short term accommodation
- Ideal for multi family ownership
- Sell off individually
- Capitalise on redevelopment
- Completely redevelop and hold long term
If you are looking to secure your future, look no further than this golden opportunity
Contact Mark Hay on 0418 953 742 now!
Property features
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Carports
1
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Floor area
63m2
Property snapshot by reiwa.com
This property at 15 The Avenue, Crawley is a two bedroom, one bathroom apartment sold by Mark Hay at Mark Hay Realty Group on 27 Feb 2021.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Crawley or see other recently sold properties in Crawley.
Cost breakdown
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Council rates: $1,222 / year
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Water rates: $961 / year
Nearby schools
Crawley overview
Crawley is a small suburb located within the municipality of the City of Perth. Home to the University of Western Australia, the state's oldest university, a large portion of the suburbs demographic is made up of students who reside within Crawley Village, a collective group of properties owned and operated by the university.
Life in Crawley
Beautiful scenery at every turn defines the Crawley landscape. With the banks of the Swan River at its door steps and the beautiful skyline of Perth City within view, the stunning vistas of the suburb will never tire. Features of note include the Matilda Bay Restaurant and Bar which presents a fine dining experience on the water and the Royal Perth Yacht Club, which is often used as a stunning venue for weddings and other celebratory occasions.
Crawley quick stats
High end
$2.1m
Median
$1.3m
Low end
$1.3m
5.7 %
Annual growth
$1.3m
Annual median sales price
$1,250pw
Annual median rental price
