View
Unlock the Potential: Rare Development Opportunity in Perth's Inner City
Welcome to an exceptional multi-residential development site in one of Perth's most desirable inner-city suburbs, just moments from the vibrant Beaufort and Angove Streets. Boasting full city views, this site provides a unique opportunity for developers to showcase their expertise.
Currently, the site features a combined shop and residence that could be renovated or converted into a home-based business, offering fantastic street front exposure on Walcott Street.
The development site spans 999 sqm, is zoned R60 for multiple dwellings, and has a plot ratio of 0.8, making it ideal for residential development. With 20.1m street frontage, this property offers a rare opportunity to create something truly special in this highly sought-after area.
Given the high demand for homes in the area, this development opportunity should not be overlooked. Current outgoings include $1486 per annum for water rates and $2843 per annum for council rates.
Don't miss out on this rare opportunity. Contact us today for a private viewing and secure your chance to create an exceptional residential development in Perth's inner-city.
Key Features
Zoning - R60
Plot Ratio - 0.8
Land Area - 999sqm
City Views
Property features
Property snapshot by reiwa.com
This property at 175 Walcott Street, Mount Lawley is a three bedroom, one bathroom house sold by Brett van Son at Abel Property Sales on 14 Jun 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Mount Lawley or see other recently sold properties in Mount Lawley.
Cost breakdown
-
Council rates: $2,843 / year
-
Water rates: $1,485 / year
Nearby schools
Mount Lawley overview
Beautifully renovated homes populate the charming suburb of Mount Lawley. Leafy backdrops and picturesque landscapes offer a unique ambience, while a fast-paced, exciting main strip leaves no question as to whether Mount Lawley is an energetic urban locale. The suburb is situated five kilometres north of the Perth CBD.
Life in Mount Lawley
With Beaufort Street a fixture of the suburb, there is plenty to do in Mount Lawley. A must-see destination for locals and visitors alike, the vibrant street is loved for its surplus of restaurants, pubs, wine bars, shops and cafes. Highlights include The Flying Scotsman and Queens Tavern, which never fail to draw a crowd, and the Astor Theatre, which hosts a number of must-see acts that come through Perth. Other features include the Mount Lawley Golf Club, Mount Lawley Senior High School and Edith Cowan University.
Mount Lawley quick stats
High end
$1.9m
Median
$1.6m
Low end
$1.3m
24.0 %
Annual growth
$1.6m
Annual median sales price
$850pw
Annual median rental price
