Sold
52 Charles Street, Midland WA 6056
Sold price: $650,000
Sold: 22 Feb 2024
Sold
-
4 Bedrooms
-
1 Bathroom
-
Landsize 1,012m2
House
View
1012m2 Zoned R40/60
Highlights:
. 1012m2 zoned R40/60
. 20.1m frontage
. 1976 brick/tile home
. 4 bed 1 bath
This property is modest yet promising opportunity for developers. Situated on a spacious 1012 square meter lot, with an impressive 20.1 meter frontage, this brick and tile home, built in 1976, currently operates as a rental property. Featuring four bedrooms and one bathroom, it offers both convenience and potential.
The real allure lies in its zoning classification of R40/60, indicating its suitability for unit/apartment development. With the capacity for up to four villas or potentially even ten apartments, this property presents a rare chance to acquire a level site with an existing rental property while embarking on the journey of seeking planning approval for future development ( STCA )
In summary, this property not only provides immediate rental income but also offers a strategic investment opportunity for developers looking to capitalize on its prime location and zoning for multi-unit development.
Currently tenanted on a fixed term lease.
Call Jeet on ?? 0433729711 or Email [email protected] to schedule a viewing
Disclaimer:
The particulars and photographs shown on this website are supplied for information only and shall not be taken as a representation in any respect on the vendor or the agent. The information, opinions and publications available on this website are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. The material on this website is not and should not be regarded as legal, financial or real estate advice. Users should seek their own legal, financial or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date
Property snapshot by reiwa.com
This property at 52 Charles Street, Midland is a four bedroom, one bathroom house sold by Jeet Singh at Property Matchmakers Realty on 22 Feb 2024.
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
$495k
Median
$430k
Low end
$384k
17.8 %
Annual growth
$430k
Annual median sales price
$530pw
Annual median rental price
