Sold
20 Favell Way, Balga WA 6061
Sold price: $550,000
Sold: 13 Feb 2024
Sold
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3 Bedrooms
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1 Bathroom
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2 Cars
House
View
Endless Potential
Are you searching for a property with endless potential? Look no further! Nestled on a quiet loop in an up-and-coming neighbourhood, this classic 1970s gem offers an exciting opportunity for renovators and developers alike.
Others in the know have already bought into the local area and made the most of the large blocks and convenient location. Subdivision in this R40 zoning is an exciting possibility that will excite savvy investors looking to maximize their investment potential.
The solid brick and tile home offers three bedrooms and renovated bathroom, on a tempting 708sqm block. A retro layout ushers you from the front verandah to the living and dining rooms, which have the warmth of the original timber floors and comfort of split system air conditioning. The renovated kitchen is a welcome surprise, with practical cupboard space and a view to the back yard.
The massive block allows for plenty of room in the back yard, which has an existing extra-long shed or workshop.
The existing home will be a great renter in today's thriving market, presenting lucrative opportunities.
Well situated on a quiet loop on a north-facing block, this home is full of potential, awaiting your personal touch to transform it into your dream haven. Or put the property to work and watch your money grow!
Property features
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Air conditioned
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Garages
2
Property snapshot by reiwa.com
This property at 20 Favell Way, Balga is a three bedroom, one bathroom house sold by Phoebe Shi and Johnson Loh at Bellcourt Property Group on 13 Feb 2024.
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
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