Sold
16 Colac Way, Duncraig WA 6023
Sold price: $520,000
Sold: 28 Oct 2019
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 726m2
House
View
UNDER CONTRACT BY CRAIG
All Offers Presented by 5.00pm on Wednesday 30th October, The owner reserves the right to accept a contract prior to this date without notice.
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Astute investors will immediately see the financial potential of this 726sqm R20/40 zoned property centrally located in a up and coming quality suburbia Duncraig.
The property has a few development options, a double block or triplex style with a strong possibility to retain the existing home with “Option 2 Subdivision”.
Option 1 Subdivision
• Proposed Lot 1 217sqm
• Proposed Lot 2 180sqm
• Proposed Lot 3 218sqm
• Common Property 4 111sqm
Option 2 Subdivision
• Proposed Lot 1 355sqm
• Proposed Lot 2 300sqm
• Common Property 3 71sqm
Currently a 3 bedroom 1 bathroom house is situated on the block, which could be utilised as a rental to land bank the property for future development.
Its location is in close proximity of the following lifestyle facilities.
• Duncraig Senior High School 800m
• St Stephens Private School 620m
• Marri Park 980m
• Freeway/ Greenwood Train Station 850m
• Hillarys Marina 3.3km
• Whitfords Shopping Centre 3.4km
For your opportunity to invest in this unique development site please contacts Craig Waters on
0404 017 261 for your private viewing.
Property features
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Garages
1
Property snapshot by reiwa.com
This property at 16 Colac Way, Duncraig is a three bedroom, one bathroom house sold by Craig Waters at Peard Real Estate on 28 Oct 2019.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Duncraig or see other recently sold properties in Duncraig.
Nearby schools
Duncraig overview
Duncraig is an outer-northern suburb of Perth bound by Hepburn Avenue in the north, the Mitchell Freeway in the east, Beach Road in the south and Marmion Avenue in the west. Development of Duncraig’s eight square kilometre land area began in the late 1960s, with accelerated growth occurring during the 1970s and early 1980s.
Life in Duncraig
Well serviced by amenities and shopping facilities in nearby suburbs, Duncraig provides the quintessential suburban experience. Within its boundaries there are a number of small parks and bushland area, such as the Percy Doyle Reserve, which has a library and recreation centre. Locals also enjoy the benefits of a multi-purpose sports complex, as well as numerous ovals, soccer pitches, lawn bowl facilities and tennis courts. There are two local shopping centres, both of which have taverns, as well as several local primary and high schools in Duncraig.
Duncraig quick stats
High end
$1.3m
Median
$1.1m
Low end
$920k
14.1 %
Annual growth
$1.1m
Annual median sales price
$750pw
Annual median rental price
