Sold
45 Hooley Road, Midland WA 6056
Sold price: $550,000
Sold: 11 Jan 2022
Sold
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4 Bedrooms
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2 Bathrooms
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1 Car
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Landsize 1,052m2
House
View
UNDER OFFER
The Dream Development - it doesn't get much better than this!
Whether you're a seasoned or a novice first time developer you cannot pass up on this utopian development opportunity. Situated beautifully on this 1052m2 block Zoned R40/R80 is already an existing modern four bedroom two bathroom home positioned perfectly to take full advantage of a triplex site and retain the existing home.
The existing home's modern appeal makes retaining it the ideal option and matching the future rear villas in line with its current style is such a smart and cost effective way to maximizing its full potential.
The other great bonus here is you can rent the home whilst planning to subdivide or just land bank this prime development and receive a generous return whilst waiting till the time is right to fully take advantage of its higher density code of R40 /R80 and build a group of two storey apartments.
No matter which way you look at this development short or long term its one not to miss out on.
Contact Ben Ciocca or David Farrant to find out more and suitable inspection times.
Property Features:
1052m2 Block Zoned R40/80
Existing modern home positioned to take advantage of potential triplex block (retain home)
Past proposed 3 Lot survey strata plan concept drawing available (see photos)
Potential for Grouped dwelling ie apartments if existing home removed
Currently rented at $400 per week (Expires 6th Feb 2022) Tenants are open to continuing the lease
Gated side access already exists
The Existing Home:
Four bedrooms all with built-in robes
Two bathrooms (main and en-suite)
Living zones - Lounge, Kitchen/dining and family room
Split system reverse cycle air-conditioning
Gas storage hot water system
Courtyard adjoining family room
Automatic single garage and perimeter fencing
Property features
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Garages
1
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Toilets
2
Property snapshot by reiwa.com
This property at 45 Hooley Road, Midland is a four bedroom, two bathroom house sold by Ben Ciocca and David Farrant at Provincial Real Estate on 11 Jan 2022.
Looking to buy a similar property in the area? View other four 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
$587k
Median
$500k
Low end
$440k
28.2 %
Annual growth
$500k
Annual median sales price
$550pw
Annual median rental price
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