Sold
21 North Street, Midland WA 6056
Sold price: $560,000
Sold: 16 May 2024
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
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Landsize 1,012m2
House
View
Prime time for prime investment…
Looking for the perfect moment to invest? Now is the time! "Don't miss out on this excellent investment opportunity; it could yield significant returns."
This property is a real gem, waiting to be developed to its full potential. Its prime location on North Street is within a short distance of Midland's city centre, Midland Gate, and the commercial centre, making it an ideal investment. With a 1012 sqm block (R60/80), this 3-bedroom fibro home offers endless development opportunities. Although it needs some maintenance and repairs, it can still be rented out, providing you with immediate returns. But the real profits lie in demolishing the house and constructing a unit or apartment development. And with the area undergoing significant redevelopment and the high demand for housing, any development on this site will surely bring in substantial profits with a quick turnaround. Don't let this chance slip away; take advantage of this amazing investment opportunity today!
•Prime investment/development opportunity
•Large 1012 sqm block (Zoned R60/80)
•Within a short walk of Midland's city centre
•Rent out while preparing development plans
•Amazing investment opportunity
•The house needs some TLC
•Solar H/W, A/C and solar panels
Property features
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Garages
1
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Toilets
1
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Floor area
81m2
Property snapshot by reiwa.com
This property at 21 North Street, Midland is a three bedroom, one bathroom house sold by Brian Rasmussen at Real Estate Plus on 16 May 2024.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Midland or see other recently sold properties in Midland.
Cost breakdown
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Council rates: $1,650 / year
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Water rates: $793 / year
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$525k
Median
$456k
Low end
$400k
21.5 %
Annual growth
$456k
Annual median sales price
$500pw
Annual median rental price
