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MOVE IN, RENT OUT, OR REDEVELOP!
Here is an outstanding opportunity to capitalise on current market conditions and profit from the potential of this prime development site in the high-growth, inner-city suburb of Morley.
THE PROPERTY:
589 Morley Drive is a renovated character home on an 822m2 potential duplex block, ready for you to move in, rent out, or redevelop.
THE POTENTIAL:
*Demolish and develop (duplex block - subject to approval).
*Renovate and sell or retain and rent out the existing home.
*Landbank for the future.
THE PARTICULARS:
Land Area - 822m2
Frontage - 20.2m
Zoning - R25
THE LOCATION:
*270m to Waltham Reserve
*650m to Crimea Park
*1.1km to Hampton Primary School
*1.7km to Weld Square Primary School
*2km to Hampton Senior High School
*2.1km to Westfield Galleria
*2.5km to Noranda Sporting Complex
*3.2km to Morley Primary School
*4km to Morley Senior High School
You can contact exclusive selling agent James Thompson for additional information.
2023/24 OUTGOINGS (APPROXIMATE):
City of Bayswater | $1,860.26 pa
Water Corporation | $1,113.30 pa
Property features
Property snapshot by reiwa.com
This property at 589 Morley Drive, Morley is a four bedroom, one bathroom house sold by James Thompson at Haiven Property on 15 May 2024.
Looking to buy a similar property in the area? View other four bedroom properties for sale in Morley or see other recently sold properties in Morley.
Cost breakdown
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Council rates: $1,860 / year
Nearby schools
Morley overview
Are you interested in buying, renting or investing in Morley? Here at REIWA, we recognise that choosing the right suburb is not an easy choice. To provide an understanding of the kind of lifestyle Morley offers, we've collated all the relevant market data, key facts, demographics, statistics and local agent information to help you make a confident and informed decision.
Morley quick stats
High end
$758k
Median
$675k
Low end
$601k
20.1 %
Annual growth
$675k
Annual median sales price
$670pw
Annual median rental price
