Sold
76 Penguin Road, Safety Bay WA 6169
Sold price: $725,000
Sold: 26 Jul 2023
Sold
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3 Bedrooms
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1 Bathroom
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1 Car
House
View
HIGH-VALUE COASTAL DEVELOPMENT SITE MUST BE SOLD
Developer's dream, bathed in golden Western Australian sunshine, one street back from the shoreline and occupying a perfect 1012sqm rectangle with 20.1m frontage, this prime beachside allotment is zoned for multiple dwellings.
R40 zoning and subject to council approval, the high-value site can accommodate up to eight, two bedroom units (see agent for plans).
Stroll to Safety Bay Foreshore Reserve, supermarkets, retail offerings, cafes, well-serviced bus routes, Safety Bay Primary School plus moments from Safety Bay Senior High School and Rockingham Centre.
In good working order, the current three-bedroom, one bathroom dwelling could be rented out quickly while you wait for approvals.
Ripe for development and part of a rapidly expanding Safety Bay, the sky's the limit for this premium coastal opportunity.
Property features
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Garages
1
Property snapshot by reiwa.com
This property at 76 Penguin Road, Safety Bay is a three bedroom, one bathroom house sold by Scott Langley and Emma Langley at Ray White North Quays on 26 Jul 2023.
Looking to buy a similar property in the area? View other three bedroom properties for sale in Safety Bay or see other recently sold properties in Safety Bay.
Nearby schools
Safety Bay overview
The coastal suburb of Safety Bay was established in the early 1900s when it became a popular venue for family holidays. Significant residential development did not occur until the 1970s and since then only a slight population increase in the late 1990s was experienced.
Life in Safety Bay
With the beach within walking distance as well as an array of parks and reserves, Safety Bay offers up an enviable family-friendly lifestyle. The serene waters of the Safety Bay foreshore are safe and welcoming for children, as are the parks with playgrounds that overlook the water. The Safety Bay Yacht Club has been a fixture of the suburb since 1946, with the club also used as a place to hire for recreational activities like dancing and martial arts. Safety Bay Primary School and Safety Bay High School are the local schools.
Safety Bay quick stats
High end
$795k
Median
$690k
Low end
$623k
25.5 %
Annual growth
$690k
Annual median sales price
$575pw
Annual median rental price
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