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Two rare development sites in one
We are pleased to offer this amazing opportunity to a market on behalf of the owners. A rare opportunity exists to secure a well-located large-scale development site within one of Perth's desirable inner northern suburbs.
What this site offers is the flexibility to retain one of the tiles and do a 2 stage development or use the full site immediately to take advantage of the current short supply of homes in Perth. This short supply, especially in the inner suburbs of Perth is not going away so to be able to secure nearly 2000 sqm of land in the tree lined suburb is worth considering.
Development site summary:
• Two titles
• 250 McDonald Street -1103sqm
• 35 Wanneroo Road – 895 sqm
• Total area – 1998sqm
• Zoning – R40
• Allows multiple dwellings with a plot ratio of 0.6
• 3 street frontages with 2 usable ones of 36.5m fronting Orchid street &
41m fronting McDonald street.
The building's on both titles are brick and tile with the house at 35 Wanneroo road a classic turn of the century solid built home that is currently unoccupied.
250 McDonald Street is a large scale duplex pair which are 2 bedrooms 1 bathroom with one leased out at $250 per week
Property outgoings (combined):
Water rates - $3,176.41 (approx)
Shire Rates - $4,074.28 (approx)
Completed developments in this area very desirable with many being sold off the plan so get in early to secure this one to put in your development pipeline immediately!!
Property snapshot by reiwa.com
This property at 250 McDonald Street, Joondanna is a four bedroom, two bathroom house sold by Brett van Son at Abel Property Sales on 12 Aug 2022.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Joondanna or see other recently sold properties in Joondanna.
Nearby schools
Joondanna overview
The first of the northern suburbs which were born in the post War period of the 1940s was Joondanna. Originally named Joondanna Heights, Joondanna was chosen after the Perth Road Board launched a competition to find a suitable name in 1939. The competition was won by Mrs A Curtis of Donnybrook who suggested Joondanna as this was the name given by a Mr. Banks to his property. He is believed to have been the first settler and owner of land in the area.
Life in Joondanna
Joondanna contains a number of small shops to cater for daily grocery needs. The largest park within the region surrounds the water tower on Roberts Street and Albert James Park also provides for passive recreation. Joondanna also contains a primary school and a home for seniors.
Joondanna quick stats
High end
$938k
Median
$825k
Low end
$730k
13.8 %
Annual growth
$825k
Annual median sales price
$675pw
Annual median rental price
