Sold
41-43 Spring Park Road, Midland WA 6056
Sold price: $585,000
Sold: 16 Mar 2023
Sold
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2 Bedrooms
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1 Bathroom
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2 Cars
Duplex
View
NOT ONE BUT TWO RENTAL PROPERTIES
Opportunity for a canny investor to acquire a pair of rental properties. One of which can be significantly improved in order to maximise the rental return.
Zoned as Midland Strategic Regional Centre this huge block is located very close to the Midland Courthouse. It consists of two semi-detached dwellings, one has been rented for about twenty years to the same tenant, thus providing some holding income whilst you consider your development. The other dwelling was rented until recently to a tenant who has since decided to spend the rest of his retirement overseas.
These buildings demonstrate the character of the town whilst the structure plan permits taller development beyond a 10 metre setback. 1,224 SQUARE METRES OF PRIME LAND.
Buyers may wish to retain the existing building and renovate them (with significant work required at number 41) before leasing it to those for whom access to the Midland Courthouse, that is in close proximity, is highly desirable.
Buyers are encouraged to contact the City of Swan to discuss their development options. Reference may also be made to their website with special attention to the Midland Activity Centre and permitted uses. It is up to you to decide what is the highest and best use for this huge block in a prime location close to all facilities that make Midland a great place to live and work.
Access to the rear is available on the northern side of the huge block of one rood 8.4 perches or thereabouts. It is being offered for sale more than sixty years after it was last sold. Thus providing a once in a lifetime opportunity for the astute purchaser - whether renovator or developer.
To discuss this fabulous opportunity please contact Garry Wetton at Swan View Real Estate on 9274 7744 or 0417 962375.
Property features
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Shed
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Garages
2
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Toilets
1
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Gas HWS
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Sewer connected
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Laundry
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RCDs/smoke alarms
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Courtyard
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Entrance hall
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Family
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Kitchen/dining
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Verandah
Property snapshot by reiwa.com
This property at 41-43 Spring Park Road, Midland is a two bedroom, one bathroom duplex sold by Garry Wetton at Swan View Real Estate on 16 Mar 2023.
Looking to buy a similar property in the area? View other two bedroom properties for sale in Midland or see other recently sold properties in Midland.
Nearby schools
Midland overview
Midland is a mixed-use suburb with industrial, commercial and residential areas. It experienced its most substantial development period occurring during the post-war years. More recently, Midland experienced growth between 2001 and 2011 as new dwellings were added to the Midland Redevelopment Area, a State Government urban renewal project which commenced in 2000.
Life in Midland
Midland offers its residents a suburban environment with a good supply of commercial and recreational establishments. There are three shopping centres in the area, Midland Central Shopping Centre, Midland Gate Shopping Centre and Centrepoint Shopping Centre, plus a leisure centre, speed dome, sports complex, a skate park, town hall and arts centre. Other major establishments include Swan District Hospital, Polytechnic West Midland Campus and a number of schools. There is also plenty of open public space with parks, reserves, walk trails and ovals in abundance.
Midland quick stats
High end
$599k
Median
$508k
Low end
$440k
This listing
30.1 %
Annual growth
$508k
Annual median sales price
$550pw
Annual median rental price
