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Enormous Home with Build & Retain Development Potential!
Sold!
This generously sized modern 4x2x2 home, with DA approved plans, is situated on a 1012 sqm block. It presents a unique and exceptional opportunity for astute investors or project developers seeking a profitable residential block in Perth's thriving central suburbs. Nestled in the highly sought-after suburb of Rivervale, this prime block is conveniently located just minutes away from the Belmont shopping complex, Oasis leisure Centre, Swan River foreshore, and the Perth CBD. Don't miss out on this rare opportunity!
The property offers a 1012sqm parcel of level and rectangular land, providing excellent development potential. Whether you choose to pursue a small sub-division (subject to council approval) for profit, or create your own dream home by adding pools, sheds, gazebos, and gardens without the need to move far out to the hills, the decision is yours. Rest assured that investing in this ever-growing suburb is a wise choice. Our instructions are clear - this property must be SOLD! Take advantage of this opportunity today.
The exceptional location of this property is unmatched, making it highly appealing to homeowners, investors, and tenants. With limited availability of blocks in the area, there is a consistent demand for new properties from renters who value quality housing and are willing to pay a premium for it. Take advantage of this prime location and meet the demand for top-notch housing in the area.
The modern design of the home boasts an appealing street presence, featuring a generous frontage and a charming bay window. Upon entering the property, you are greeted with a stunning living area and multiple adjoining living spaces, perfect for a growing family or hosting guests. As you make your way towards the patio, you'll be treated to an expansive view of the green spaces surrounding the home, providing a serene spot to unwind and relax after a long day. The home is in excellent condition, fully liveable or tenantable, allowing you to generate instant income while you plan for the development process.
There are numerous potential possibilities for this property, all contingent upon your own designs, investigations, and approval from the council. Here are just some:
Option 1: Remove the front house and divide the land into four lots.
Option 2: Add a granny flat, lease the property, and hold onto it for future development.
Option 3: Build your dream home on the spacious 1012sqm lot, perfect for kids to play and for pursuing your interests.
Option 4: Seek approval from the council for your own unique development mix.
This is an unparalleled opportunity that won't last long.
Contact Lynsay now before it's too late! 0405 358 959
Property features
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Garages
2
Property snapshot by reiwa.com
This property at 175 Kooyong Road, Rivervale is a four bedroom, two bathroom house sold by Lynsay Hubbard at Stairway Real Estate on 12 Aug 2023.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Rivervale or see other recently sold properties in Rivervale.
Nearby schools
Rivervale overview
Rivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Life in Rivervale
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.
Rivervale quick stats
High end
$850k
Median
$718k
Low end
$632k
13.0 %
Annual growth
$718k
Annual median sales price
$650pw
Annual median rental price
