Sold
31 Edgehill Street, Scarborough WA 6019
Sold price: $1,850,000
Sold: 21 Jan 2021
Sold
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Landsize 1,012m2
Land
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Prime Development Site with DA Approval in Place for 15 Apartments
A multi-level development site, located in one of Western Australia's prime apartment precincts, in the lively coastal district of Scarborough which is currently undergoing substantial revitalization.
This property provides excellent ocean views across Scarborough Beach from the rear elevation.
The property currently has an older style, solid residence which is currently rented for $400 per week until March 2021 .
The property lies within the Metropolitan Redevelopment Authority's Scarborough Redevelopment Scheme - Groves Precinct, with zoning that allows for medium density residential developments.
* Land area - 1,012m²*
* Approved Development for 15 apartments over 5 levels with potential ocean views
* Holding income with potential for rental growth
* Lengthy development approval - Invest now develop later
* Walking distance to Scarborough Beach front and entertainment precinct
Call Neil Magro on 0408 866 881.
Listing snapshot by reiwa.com
This land listing located in Scarborough was sold by Nello Magro at Prestige International.
If you would like to get in touch with Nello Magro regarding 31 Edgehill Street, Scarborough, please call 0408 866 881 or contact the agent via email.
Nearby schools
Scarborough overview
Home to one of the most iconic beaches in Perth, Scarborough is a desirable coastal suburb within the City of Stirling. Its five square kilometre land area is predominantly used for residential purposes, though it does have a significant entertainment precinct that attracts people from all over the Perth metropolitan area and beyond.
Life in Scarborough
At the heart of Scarborough is the Scarborough Beach precinct. A popular ocean foreshore, it houses a hotel, a variety of shops, restaurants and of course a beautiful coastline.
There are several parks and reserves in Scarborough, such as Abbett Park which provides locals with sporting facilities for football, squash, lawn bowls, tennis and cricket. There are also two primary schools, a library and a community recreation centre within the suburb.
Scarborough quick stats
High end
$1.4m
Median
$1.2m
Low end
$938k
21.4 %
Annual growth
$1.2m
Annual median sales price
$800pw
Annual median rental price
