Sold
231 Orrong Road, Rivervale WA 6103
Sold price: $1,500,000
Sold: 25 Aug 2021
Sold
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DEVELOPMENT SITE TOTALLING 4282SQM ZONED R20/60
Fantastic development opportunity situated only 5 minutes to Optus Stadium, Burswood Casino & Belmont Racecourse redevelopment. Perfectly positioned with council approved dual access plan and high density R20/60 zoning the options are endless offering high return and future growth potential
GENERAL SITE INFORMATION:
*Four separate green titles totally 4282sqm.
*Existing duplex pair with great holding income.
*High density R20/60 residential zoning.
*Massive 130mt dual street frontage.
*Local council approved dual access plan.
*Well located sewer line & services in place.
*Development can be done in multiple stages.
*Close by to Belmont Shopping Centre
*5mins to Lathlain Park / Optus / Burswood.
*10mins to the Perth CBD / Elizabeth Quay.
FLEXIBLE PURCHASE OPTIONS:
The lots can be purchased separately or as one parcel depending on your development type and budget. The current owner will support your development investigations and formal applications with your offer.
DEVELOPMENT OPTIONS (STCA):
*Build brand new single level home/villas.
*Build brand new terrace style townhouses.
*Build brand new two/three level apartments.
*More development options available now.
*Quality in-house designer & builder available.
To find out more about this unique never to be repeated development site contact leading LOCAL agents DEVON KELLY 0417 936 277 or DANIEL KELLY 0456 180 575
Listing snapshot by reiwa.com
This land listing located in Rivervale was sold by DEVON KELLY and Daniel Kelly at Laurie Kelly Real Estate.
If you would like to get in touch with DEVON KELLY or Daniel Kelly regarding 231 Orrong Road, Rivervale, please call DEVON on 0417 936 277 or call Daniel on 0456 180 575, or contact the agent via email.
Nearby schools
Rivervale overview
Rivervale is a predominantly residential area spanning three square kilometres. Established in the 1840s, significant residential development did not occur until the 1950s and 1960s.
Life in Rivervale
Rivervale's family-friendly lifestyle is an appealing feature of the inner-city suburb. There are numerous parks and ovals, such as Wilson Park, which features a number of netball courts open for public use, as well as a playground and community centre.
The Kooyong Road Shopping Strip features a large IGA, chemist, butcher, post office, take away food outlets, with the Belmont Forum the closest shopping centre. There are two local schools in Rivervale including St Augustine's Primary School and Rivervale Primary School. Many homes in the suburbs are also catered for by the nearby suburbs schools such as Carlisle and Lathlain.
Rivervale quick stats
High end
$910k
Median
$760k
Low end
$658k
14.7 %
Annual growth
$760k
Annual median sales price
$740pw
Annual median rental price
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