Sold
199 Mirrabooka Avenue, Balga WA 6061
Sold price: $460,000
Sold: 23 Aug 2023
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 708m2
House
View
Incredible Investment Opportunity and First Home Buyers Delight in Balga, WA 6061
Property Address: 199 Mirrabooka Avenue, Balga, WA 6061
Property Type: Development Potential Property with R40 and Commercial Zoning.
Are you ready to unlock the full potential of your investment portfolio? Look no further than this exceptional property at 199 Mirrabooka Avenue in Balga, WA. With its strategic location and R40 zoning, this property offers an array of exciting possibilities for astute investors and developers.
Key Features:
Development Potential: This property boasts R40 zoning, making it an ideal candidate for subdivision and development. Imagine the potential of building three or more units on this prime piece of land, subject to council approval.
High Rental Yield: If development isn't your immediate plan, capitalize on the current rental market. With a projected rental yield of 6.75 percent, this property promises a lucrative return on investment in today's market conditions.
Strategic Location: Conveniently situated in the heart of Balga, this property offers easy access to amenities, public transport, schools, and shopping centers. Its central location adds to its attractiveness for potential tenants or future buyers of developed units.
Why Invest?
Investing in this property means seizing an opportunity to secure an impressive return on investment. Whether you're a developer with an eye for potential or an investor seeking passive income, this property is your gateway to financial growth.
Disclaimer:
All information provided in this marketing material is believed to be correct, but Zen Edge Realty takes no responsibility for its accuracy. Buyers are advised to conduct their own due diligence and research regarding the property, including obtaining professional advice if needed. Any investment decision should be made based on thorough investigation and consideration of all relevant factors.
Don't miss out on this exceptional deal that won't last long! Act quickly to secure this property and take advantage of its immense potential.
For more information or to secure this property, contact KS Ghuman at 0420 499 001. Our experienced team is here to assist you every step of the way.
Invest wisely, secure your future – call now!
Please note: All development and rental yield figures are estimates and subject to market conditions and council approvals.
Property features
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Garages
1
Property snapshot by reiwa.com
This property at 199 Mirrabooka Avenue, Balga is a three bedroom, one bathroom house sold by KS Ghuman at Zen Edge Realty on 23 Aug 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Balga or see other recently sold properties in Balga.
Nearby schools
Balga overview
Balga is northern suburb of Perth located in the City of Stirling. The name "Balga" was adopted in 1954 derived from the Aboriginal word for the indigenous grass tree Xanthorrhoea. Most dwellings in Balga are made of brick and tile, reflecting the period of development and while most residences are detached, there are some grouped dwellings and flats throughout the suburb.
Life in Balga
Balga contains numerous parks, sporting facilities and recreational reserves with the largest being Princess Wallington Reserve. Balga also contains two local shopping centres and several primary schools as well as Balga Senior High School and the North Metropolitan TAFE.
Balga quick stats
High end
$546k
Median
$490k
Low end
$450k
27.3 %
Annual growth
$490k
Annual median sales price
$590pw
Annual median rental price
