Opportunities like this are becoming increasingly difficult to secure. Positioned on a 511sqm corner block in one of Midvale's growing pockets, 19 Hooley Road combines an existing home with highly desirable R40 zoning, creating an exciting opportunity for developers, investors, renovators and buyers looking to capitalise on the area's continued growth.
Whether you're looking to renovate and add value, landbank for the future, or explore the property's redevelopment potential (subject to relevant approvals), this is a property that offers flexibility both now and into the future.
The existing residence, originally built in 1946, on a 511sqm block and provides immediate rental income while future plans are considered. The corner position further enhances the property's appeal, offering greater accessibility and increased flexibility for future site design compared to many standard residential blocks.
With R40/50 zoning, buyers have the opportunity to investigate a range of future development possibilities (subject to approval by the City of Swan and all relevant planning requirements). As demand for well-located development sites continues to grow throughout Perth's eastern corridor, properties with this level of flexibility are becoming increasingly sought after.
With a secure tenancy in place until January 2027, investors can benefit from immediate rental income of $650 per week and an estimated gross rental yield of approximately 5%
Property Features
• 511sqm corner allotment
• R40/50 zoning
• Existing dwelling providing immediate holding value
• Originally constructed in 1946
• Outstanding development potential (subject to relevant approvals)
• Ideal opportunity for developers, investors, renovators
• Excellent corner position
• Leased until January 2027 at $650 per week (approx. 5% gross rental yield).
Conveniently positioned just minutes from the heart of Midland, this property offers exceptional access to everyday amenities while being located within one of Perth's evolving urban growth corridors. Midland Gate Shopping Centre, Midland Train Station, Midland Health Campus and the vibrant Midland café and retail precinct are all just a short drive away, making day-to-day living incredibly convenient.
Families will appreciate the choice of nearby public and private schools, local parks and sporting facilities, while commuters benefit from easy access to Great Eastern Highway, Roe Highway, Perth Airport and the Perth CBD. The continued investment and redevelopment occurring throughout the Midland region further reinforces the area's long-term appeal, making this an attractive proposition for both owner-occupiers and investors alike.
For more information or to arrange your inspection, please contact Laura Brown on 0466 286 504.
We have, in preparing this advertisement, used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
