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Back 264 Spencer Rd
Off Market

264 Spencer Rd

Thornlie WA 6108

2
1
868 m²
House
Jarrad MahonJarrad Mahon, last sold this property on 07 March 2014 after 1 day on the market.

Overview

Attention Investors! Approval granted to Retain House & Build four 2x2 apartments

This extremely well located, square and flat 868sqm block has a front renovated 2 bedroom, 1 bathroom home with a sitting tenant... PLUS a development approval in place to retain the front house and build four decent sized 2 bedroom, 2 bathroom apartments on the rear. If you were thinking of doing a retain and subdivide project, you should definitely take a closer look at this property because there is potential for greater returns. Over the last year, the current owner has done all the hard work spending $75,000 on renovating the front house demolishing the rear backyard and gaining a development approval. If you add up the cost to buy a similar property and get it to this point you would realise just how well priced this property is. Plus you will not only save time here but have the certainty of knowing what can be developed. The front 2x1 home has been given a very neat renovation- installing a new kitchen, bathroom, laundry, blinds and been painted throughout. It is currently rented until May 2014 at $325 per week to lovely tenants. So you will have a great cash flow until you decide to build on the rear. There are no maybe's, this property has a Development Approval for four 2x2 apartments of 74sqm in size each, while retaining the front house. We have full plans and an indicative building quote available. Privately located off a slip road running off Spencer Rd, it's a short walk to the train station, Spencer Village and Thornlie Square shopping centres. Take a closer look at this incredible opportunity by coming to the first home open this Sunday from 1:30-2pm. ***UNDER OFFER- Submit an email enquiry now to be kept updated on other development friendly

Features

2 bedrooms
1 bathroom
868 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Thornlie over the last 12 months, the estimated median property value of 264 Spencer Rd is $649.5k.

Median value
$649.5k
Estimated value range
$510k - $1.05m
Median days on market
18
Estimated value trend
61%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Thornlie. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 264 Spencer Rd

2014
Sold
Undisclosed
Private Sale/Treaty on 07 Mar 2014 by Jarrad Mahon, of Investors Edge Real Estate
2012
Sold
Undisclosed
Private Sale/Treaty on 13 Dec 2012

Happy sellers in Thornlie

90%
90% of sellers in Thornlie reported that their sale price either exceeded or met their price expectations.

Thornlie stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 135 reviews in Thornlie over the last 12 months.

Local market activity for 2 bedroom houses in Thornlie

In the last 12 months, 4 two-bedroom houses similar to 264 Spencer Rd, have been sold.

This represents a 34% increase in two-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Thornlie

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Shahbaj Brar

Sellers who recommend Shahbaj Brar have praised them for being local expert, clear communication, responsive, friendly, honest, supportive and reliable

  •   5   (1029 reviews)
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Iqbal Singh

Sellers who recommend Iqbal Singh have praised them for being local expert, clear communication and reliable

  •   5   (53 reviews)
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Nathan Frisina

Sellers who recommend Nathan Frisina have praised them for being clear communication, local expert, responsive, stress-free process, well-prepared, reliable and supportive

  •   5   (124 reviews)
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  •  32 Sales in Thornlie
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Nicola Lee

Sellers who recommend Nicola Lee have praised them for being local expert, clear communication, responsive, friendly, supportive, well-prepared and dedicated

  •   4.9   (242 reviews)
  •  6 Reviews in Thornlie
  •  6 Sales in Thornlie
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