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Exceptional Development Opportunity in West Perth – 241 & 243 Vincent Street and 84 Loftus Street
Take advantage of this rare chance to acquire three prime properties in West Perth, available as individual purchases or a combined site, offering significant potential for residential development in a highly desirable location. With Residential R80 zoning, these sites are ideal for multi-storey projects, making them a compelling choice for investors and developers looking to expand in West Perth.
241 Vincent Street, West Perth
• Lot Size: 598.99m²
• Zoning: Residential R80 (LPS2)
• Designated Use: Residential
• Building Height Limit: Up to 3 storeys
• Future Planning: Approx. 14m² frontage to be ceded for road widening
• Tenancy: Periodic lease generating $450 per week
243 Vincent Street, West Perth
• Lot Size: 705.59m²
• Zoning: Residential R80
• Designated Use: Residential
• Building Height Limit: Up to 3 storeys
• Future Planning: Approx. 13.5m² frontage to be ceded for road widening
• Tenancy: Periodic lease generating $510 per week
84 Loftus Street, West Perth
• Lot Size: 559m²
• Floor Area: 106m²
• Zoning: Residential R80 (LPS2)
• Designated Use: Residential
• Building Height Limit: Up to 3 storeys
• Future Planning: No heritage restrictions or road widening requirements
• Tenancy: Vacant, ideal for immediate planning and development
Residential Zone Objective:
Diverse Housing Options:
Supports a variety of housing choices and residential densities to meet community needs.
High-Quality Design and Streetscapes: Encourages quality in design, architecture, and landscaping to enhance the area’s aesthetic.
Compatible Non-Residential Uses:
Permits select non-residential uses that complement the residential environment.
Combined, these properties offer a total of approx. 1,863.58m² of developable land with rental income from two properties, flexible zoning options, and the opportunity for high-quality, sustainable residential design. Whether acquired as individual lots or as a strategic landholding, this is an exceptional opportunity to contribute to West Perth’s urban landscape.
The site incorporating all 3 dwellings will be sold on an "as is" basis.
Contact Doreen Sharma on 0415 070 683 or email [email protected] to explore this unique development potential at 241 & 243 Vincent Street, along with 84 Loftus Street!
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Property snapshot by reiwa.com
This property at 241, 243 Vincent Street & 84 Loftus Street, West Perth is a nine bedroom, three bathroom house listed for sale by Doreen Sharma at The Agency.
For more information about West Perth, including sales data, facts, growth rates, nearby transport and nearby shops, please view our West Perth profile page.
If you would like to get in touch with Doreen Sharma regarding 241, 243 Vincent Street & 84 Loftus Street, West Perth, please call 0415 070 683 or contact the agent via email.
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West Perth overview
A short stroll in the westerly direction of Perth City sits West Perth. Home to the much loved and iconic Kings Park, this affluent suburb comprises elegant, modern apartment complexes and impressive office towers.
Life in West Perth
Bask in the view of Perth's stunning landscape from the beautiful Kings Park, or grab a friend and take on the athletic challenge of conquering the 242 stairs at Jacob's Ladder. The City West Train Station makes travelling around Perth easy, while Harbour Town provides factory outlet shopping to suit retail needs.
There are numerous cafes and eateries within West Perth to explore, as well as beautiful leafy streets to make morning walks with the dog that much more enjoyable. Other features of note include Scitech and Parliament House.
West Perth quick stats
High end
$1.4m
Median
$1.2m
Low end
$1.0m
36.1 %
Annual growth
$1.2m
Annual median sales price
$675pw
Annual median rental price
