Sold
267 Shepperton Road, East Victoria Park WA 6101
Sold price: $433,333
Sold: 08 Mar 2021
Sold
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9 Bedrooms
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3 Bathrooms
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6 Cars
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Landsize 1,518m2
House
View
SOLD BY MR BELMONT
RARE 1518SQM INVESTMENT/DEVELOPMENT OPPORTUNITY
(THREE HOMES TO BE SOLD AS ONE PARCEL)
Extremely rare investment/development opportunity in sought after East Victoria Park with a sky-high gross rental yield of $54,600 per year. Comprising of 3 x double brick/tile three bed homes all side by side with each on a 506sqm green title block totalling 1518sqm with a 30.18mt dual street frontage. Development options are endless with a R30 base code offering a potential 5 block or 5 home subdivision with a 30.18mt dual street frontage to Shepperton Road and Rouse Lane. Renovation of the existing homes is also feasible with spare land available fronting Rouse Lane and modern examples of recent development on show. The current homes are all currently leased but required some maintenance and TLC to bring them back to their former glory and will be sold in "As Is "condition at settlement.
KEY FEATURES INCLUDE
• Totalling 1518sqm with a wide 30.18mt dual street frontage.
• Zoned R30 with potential for 5 block or 5 home subdivision.
• Three x double brick/tile 3bed homes on individual green titles.
• Currently all leased returning $1050 per week / $54,600 per year.
• To be sold as one parcel in "As Is" condition at settlement date.
• Excellent central location short walking distance to Vic Park Strip.
To find out more about this outstanding real estate opportunity contact leading REIWA agent DEVON KELLY 0417 936 277 or DANIEL KELLY 0456 180 575 today.
Property features
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Carports
6
Property snapshot by reiwa.com
This property at 267 Shepperton Road, East Victoria Park is a nine bedroom, three bathroom house sold by DEVON KELLY and Daniel Kelly at Laurie Kelly Real Estate on 08 Mar 2021.
Looking to buy a similar property in the area? View other nine bedroom properties for sale in East Victoria Park or see other recently sold properties in East Victoria Park.
Nearby schools
East Victoria Park overview
Established in 1885, East Victoria Park is a predominantly residential suburb with a commercial and entertainment strip along Albany Highway. Significant development of the area did not begin until the 1960s and 1970s with gradual increases experienced during the 1990s as new homes and businesses were added to the area.
Life in East Victoria Park
Though predominantly a residential area, the commercial and entertaining strip along Albany Highway provides a bustling urban environment for residents and visitors alike. With restaurants to satisfy any palate, as well as old-fashioned pubs and hip bars, this lively strip is active any time of day. Also within East Victoria Park are recreational facilities like Aqualife Centre and Leisure Life Centre, Park Centre, which is a shopping complex, and several schools.
East Victoria Park quick stats
High end
$950k
Median
$820k
Low end
$680k
10.8 %
Annual growth
$820k
Annual median sales price
$680pw
Annual median rental price
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