Sold
21 Tuscan Street, Rossmoyne WA 6148
Sold price: $3,333,333
Sold: 25 Oct 2024
Sold
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7 Bedrooms
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3 Bathrooms
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Landsize 2,023m2
House
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Investment Goldmine with Development Potential
Morgan and Hayes Real Estate proudly presents this rare opportunity to secure a prime investment property at 21 Tuscan Street, Rossmoyne. Spanning a generous 2023 sqm and zoned R30, this property offers immense potential as a 6-unit development site (subject to WAPC approval), making it a standout opportunity for developers and investors alike.
The current site features three well-maintained triplex dwellings. These units offer immediate rental income, providing a reliable cash flow while planning for future development.
Current Lease Details:
- 21A: Leased at $630 per week, fixed until 12/01/2025
- 21B: Leased at $500 per week, fixed until 12/04/2025
- 21C: Leased at $420 per week, fixed until 26/11/2024
Whether you choose to maintain the existing rental arrangements, redevelop the site, or land bank for future gains, this property offers unparalleled flexibility and potential.
Located in the sought-after suburb of Rossmoyne, the property benefits from excellent access to prestigious schools, shopping centres, public transport, and key amenities, ensuring continued tenant demand.
Don't miss out on this exceptional chance to secure a high-yield property with significant development potential. Contact Morgan and Hayes Real Estate today to explore your options and arrange a private viewing.
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
Property snapshot by reiwa.com
This property at 21 Tuscan Street, Rossmoyne is a seven bedroom, three bathroom house sold by Team Chamberlain at Morgan and Hayes Real Estate on 25 Oct 2024.
Looking to buy a similar property in the area? View other seven bedroom properties for sale in Rossmoyne or see other recently sold properties in Rossmoyne.
Nearby schools
Rossmoyne overview
An established suburb with proximity to nearby urbanised areas, Rossmoyne provides residents with a relaxed suburban lifestyle. Two square kilometres in size, Rossmoyne is bound by the Canning River to the north, Shelley to the east, Leach Highway to the south and Bull Creek to the west. Its most significant development period began in the 1950s and then accelerated from the 1960s. Gradual increases have been experienced since the mid 1990s.
Life in Rossmoyne
There are numerous parks and walkways to explore within Rossmoyne which add to its relaxed ambience. Though predominantly a residential area, the immediate commercial and amenity requirements of residents are serviced by the Rossmoyne Shopping Centre, which houses a supermarket, restaurant, hairdresser, post office and bakery. Public tennis courts and a bowling club are easily accessed within the Rossmoyne precinct and there is a local primary school and high school in the suburb.
Rossmoyne quick stats
High end
$2.4m
Median
$1.8m
Low end
$1.6m
18.5 %
Annual growth
$1.8m
Annual median sales price
$750pw
Annual median rental price
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