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SIGNIFICANT DEVELOPMENT OPPORTUNITY
Opportunities of this scale and calibre are becoming increasingly rare - particularly in such a tightly held and strategically positioned location.
Set on a substantial 1,012sqm landholding, the property currently comprises a good size single-storey 2 bedroom, 1-bathroom residence, but it is the land and future potential that will undoubtedly attract the attention of developers, investors and those with a vision for something more.
The property sits within the Canning Bridge Precinct, an area earmarked for significant growth and transformation. With potential for multi-dwelling development of up to 6–8 storeys, R-ACO, (STCA), this is a site that offers genuine long-term upside and the flexibility to pursue a number of different strategies.
Whether the intention is to unlock the development potential immediately, undertake a substantial renovation, retain the existing residence or simply secure a sizeable parcel of land in a rapidly evolving precinct, the opportunities here are considerable.
Location is another major drawcard. The CBD is easily accessible by car, bus and train, while Wesley College, Penrhos College and Curtin University are all within convenient reach.
For everyday living, an abundance of shopping, dining and lifestyle destinations are close by, including Preston Street Como, Manning Hub, Waterford Plaza, Mends and Angelo Streets in South Perth and Ardross Street in Applecross.
Big land. Strategic location. Significant future potential.
This is a property that offers far more than what stands on the site today - it provides the opportunity to secure a substantial landholding in one of Perth's evolving inner-south precincts and determine its future.
City of South Perth - $2,667 p/a
Water Corporation - $1,261 p/a
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 162 Lockhart Street, Como is a two bedroom, one bathroom house listed for sale by Richard Lambert at Bourkes.
For more information about Como, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Como profile page.
If you would like to get in touch with Richard Lambert regarding 162 Lockhart Street, Como, please call 0409 104 409 or contact the agent via email.
Cost breakdown
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Council rates: $10,668 / year
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Water rates: $5,044 / year
Nearby schools
Como overview
Como is an established suburb bound to the west by the Canning and Swan Rivers. Part of the City of South Perth's municipality, Como experienced its most significant development during the 1950s and 1960s, with gradual growth since the early 1990s as new dwellings were added to the area.
Life in Como
Parks and reserves are a dominant aspect of the Como landscape, such as one of Como's most notable features the international standard 27 hole Collier Park Golf Course. The Como Hotel is a popular bar, café and restaurant in the suburb and a recognisable fixture of Canning Highway. There are also some shops in the area to service local requirements, as well as four local schools, including Penrhos College.
Como quick stats
High end
$2.0m
Median
$1.7m
Low end
$1.4m
8.2 %
Annual growth
$1.7m
Annual median sales price
$862pw
Annual median rental price
