Positioned high on the hill in sought after Melville, this exceptional 1,012sqm landholding presents an outstanding opportunity for developers, investors, and land bankers alike.
With approval already in place for a 3 lot subdivision and desirable R30/40 zoning, the hard work has been done. Capitalise on the elevated position and create three premium homes that can take advantage of the impressive city skyline and river views.
For those looking to secure a blue chip site for the future, the property also offers immediate holding income, with the existing home currently leased at $780 per week.
The original 1950s residence comprises of three bedrooms and two bathrooms, providing comfortable accommodation while you finalise your plans or simply enjoy the rental return.
Property Features:
- Approved development site for 3 lots
- Elevated 1,012sqm landholding
- R30/40 zoning
- Sweeping city skyline and river views
- Existing 3-bedroom, 2-bathroom 1950s home
- Currently leased at $780 per week
- Ideal opportunity to develop immediately or land bank for the future
- Located in one of Melville's most desirable elevated locations
Opportunities of this calibre are increasingly rare. Whether you're an experienced developer, astute investor, or buyer seeking a premium future development site, this is a chance to secure a blue chip parcel in one of Melville's most tightly held locations.
DISCLAIMER: This information is provided for general information purposes only and is based on information provided by third parties and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
This property at 455 Canning Highway, Melville is a three bedroom, two bathroom house listed for sale by Toby Bellegarde at Yard Property.
For more information about Melville, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Melville profile page.
If you would like to get in touch with Toby Bellegarde regarding 455 Canning Highway, Melville, please call 0411 166 983 or contact the agent via email.
Melville is a small suburb 11 kilometres south of Perth City. Its two square kilometre land area is bound to the north by Canning Highway and Leach Highway in the south. Melville's most substantial development took place in the 1950s.
Though very close to many commercial sectors just outside of its boundaries, Melville is largely removed from urbanisation. Home to a number of parks and reserves, the suburb provides locals with numerous native public spaces to explore and enjoy. There are also two local schools, Melville Primary School and Melville Senior High School, and a recreation centre.