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PRIME DEVELOPMENT SITE - 1,022 SQM (R40) - WALK TO EVERYTHING!
This is an exciting opportunity to develop a substantial parcel of land in a super convenient central location.
373 Wanneroo Road, Balcatta has a high "Walk Score" and very good "Transit Score" so developers will immediately realise the true value this opportunity represents with shopping, medical services, and public transport options right on your door step!
The R40 zoning could yield this site a four villa/townhouse development (subject to council approvals) or developers may want to explore an over-55s development which could allow the opportunity for more than four dwellings given the planning concessions that are available for over-55s developments.
This prime site is level with dual street frontages and a "developer friendly" main sewer junction located in the back corner of the site.
A 1960s 3 bed, 1 bath home on the site could provide a holding income during the planning and building permit process.
Invest now and reap the rewards with this large land holding in a super convenient location in a well-established suburb that continues to grow and develop.
Listing snapshot by reiwa.com
This land listing located in Balcatta was sold by Daren Schneider at Perth Property Partners.
If you would like to get in touch with Daren Schneider regarding 373 Wanneroo Road, Balcatta, please call 0417 941 479 or contact the agent via email.
Nearby schools
Balcatta overview
The 1960s saw the evolution of Balcatta from a rural activity area into the established suburb it is today. Properties in Balcatta have a distinct southern-European influence and are predominantly single detached dwellings of brick and tile construction. The suburb also has a number of unit developments in its eastern sector as well as some character housing.
Life in Balcatta
A well-rounded suburban existence is on offer in Balcatta, with plenty of parks, commercial facilities, amenities and public open space to enjoy. There are two shopping centres in the area, one that caters for local requirements and one that services district shopping needs, as well as four primary schools and a high school. Residents have several parks and reserves available to them which offer facilities like playing fields, sports ovals and tennis courts. There is also an industrial area in the suburb’s northern sector.
Balcatta quick stats
High end
$910k
Median
$773k
Low end
$630k
24.7 %
Annual growth
$773k
Annual median sales price
$665pw
Annual median rental price
