Sold
209 Riseley Street, Booragoon WA 6154
Sold price: $850,000
Sold: 23 Dec 2022
Sold
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4 Bedrooms
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1 Bathroom
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1 Car
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Landsize 713m2
House
View
Subdivide and prosper
Astute developers take note, a plum R40 development block with strong rental income until March 2023.
713sqm of prime development soil, strategically positioned only footsteps from the best of Booragoon's amenities including Westfield shopping complex, parklands, major transport hubs and sought after schooling options.
Zoned R40 and boasting broad frontages, the green title site is perfect for your next development.
The existing 1970's home has been updated and modified making a sound rental investment until you are ready to unlock the blocks true potential. The homes accommodation comprises of four bedrooms, renovated bathroom, updated kitchen, living and meals area, easy care gardens and carport.
The current owners have building plans for two modern, double storey luxury homes that can be viewed upon request.
Endless opportunities await, don't wait until it's too late.
Note, the property is leased on fixed term lease until 1st March 2023 at $535 per week.
Property features
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Carports
1
Property snapshot by reiwa.com
This property at 209 Riseley Street, Booragoon is a four bedroom, one bathroom house sold by Peter Zambotti at Mont Property on 23 Dec 2022.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Booragoon or see other recently sold properties in Booragoon.
Nearby schools
Booragoon overview
Booragoon is an established suburb with commercial areas located centrally within the City of Melville. Booragoon's development occurred between the 1960s and the early 1980s with a slight population decrease between 1991 and 2006, followed by another increase between 2006 and 2011.
Life in Booragoon
Characterised by its mix of parks, reserves, property and commercial sectors, Booragoon is a suburb with plenty of diversity on offer. Garden City Shopping Centre is the most notable commercial feature and one of the largest shopping centres within the Perth metropolitan area. In addition to the main shopping establishment, Garden City houses a cinema, public library, Melville City Council office and a major regional bus station. Other features in Booragoon are Melville Aquatic Fitness Centre, Booragoon Lake Reserve and local school, Booragoon Primary School.
Booragoon quick stats
High end
$1.5m
Median
$1.3m
Low end
$1.0m
13.1 %
Annual growth
$1.3m
Annual median sales price
$750pw
Annual median rental price
