Sold
23 Olga Road, Maddington WA 6109
Sold price: $1,360,000
Sold: 03 Jul 2023
Sold
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Landsize 2,265m2
Land
View
Development Site
Maddington is a lush, green suburb located just 20 minutes from Perth CBD, 15 minutes to International & Domestic airport and has a great mixture of Commercial, industrial & residential opportunities. If you're thinking about developing property in Maddington, consider that rental yields for houses are currently 5.91% with an average median rent of $430 weekly. Houses have seen 2.98% growth in the past quarter, and 8.57% growth in the past 12 months.
Armed with these stats, looking at this prime corner development site, situated right opposite Centro Maddington Shopping Centre, walking distance to fast food outlets, Commercial precinct, Trains, Busses and major arterial roads, Plus being right in the middle of many key employment hubs, it just makes perfect sense to be considering this as your next venture.
Features:
• Corner 2265sqm block
• Deep Sewer Available
• Zoned Mixed Business TPS6
Contact Tim Chant to discuss options. Happy to assist any way i can.
Property features
Listing snapshot by reiwa.com
This land listing located in Maddington was sold by Tim Chant at Mack Hall Real Estate in assoc. with Knight Frank.
If you would like to get in touch with Tim Chant regarding 23 Olga Road, Maddington, please call 0402 025 005 or contact the agent via email.
Cost breakdown
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Council rates: $3,650 / year
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Water rates: $1,635 / year
Nearby schools
Maddington overview
'Diversity' best describes the southeast suburb of Maddington. Located 18 kilometres from Perth, Maddington contains major residential, retail and industrial sectors, as well as some semi-rural areas within its 11 square kilometre land area. Maddington's development began in the 1970s, with population growth occurring in the early 1990s and recently between 2006 and 2011 when new homes were added to the area.
Life in Maddington
Removed from the hectic nature of city living, but retaining the facilities that make city living appealing, Maddington is a suburb spoilt with opportunity. Currently, there are two shopping centres in the area, Maddington Central and Maddington Village Shopping Centre, as well as two community centres, a skate park, oval, parklands and playground. There are numerous primary schools in the area, including Maddington Primary School and East Maddington Primary School, as well as a local high school, Yule Brook College.
Maddington quick stats
High end
$652k
Median
$595k
Low end
$523k
This listing
40.7 %
Annual growth
$595k
Annual median sales price
$650pw
Annual median rental price
Contact the agent
