Positioned on a prime elevated corner block, 7 Olinda Court, Spearwood, offers a rare combination of space, potential, and location. With sought-after R40 zoning and direct access to Phoenix Park Shopping Centre, this property presents a fantastic development opportunity, with the potential for a four-lot subdivision (Subject To WAPC) or the option to retain the existing home and build at the rear.
Lovingly maintained by its original owner, this immaculate four-bedroom, two-bathroom home is filled with charm and practicality. The elevated position not only enhances privacy but also provides a wonderful sense of space. Inside, you’ll find generous living areas, a well-appointed kitchen with gas cooking, and split system air conditioning for year-round comfort. The undercroft garage offers ample storage and parking, while the fully reticulated gardens feature a variety of fruit trees, creating a peaceful outdoor sanctuary.
Located just minutes from Coogee Beach, Port Coogee Marina, and Fremantle’s lively café and entertainment scene, this home is perfectly positioned for a relaxed coastal lifestyle. Families will appreciate the nearby schools and parks, while investors can take advantage of the strong rental demand, with an estimated return of approximately $950 per week.
The home offers a variety of options - ideal for the growing or extended family with an eye to develop in the future or the perfect property to hold as an attractive rental investment while you consider your redevelopment opportunities.
The form and functionality of this home is timeless & this extra large family home provides a fabulous 'family feel' with plenty of natural light throughout and a tranquil, leafy aspect from virtually every window. The house has been well designed to cater for extended families.
- Corner block with two crossovers
- Excellent bedroom and living separation
- Alfresco area
- Large & private, low-maintenance backyard perfect for the veggie patch or new pool
- Split system air conditioning
- Separate storeroom + shed
- Huge under croft garage with wet kitchen and additional rooms
- Loads of off-street parking
- Bore reticulated gardens
- R40 zoning allow either a 4 lot subdivision or apartment construction all subject to local council and WAPC planning approval.
Opportunities to purchase land value sites in this highly sought after development pocket of Spearwood are rare and this property is well worth your consideration.
A golden opportunity in a thriving suburb, this property is perfect for families, developers, or savvy investors looking to secure a high-potential site in a premium location.
It could be your dream development site or you could simply move in and enjoy the attractive and much loved substantial family home whilst you make plans for the future.
Do not delay- The choice is yours!
PROPERTY PARTICULARS:
Total Land Area | 854 m² Green Title
Parking | Double Garage Plus Driveway & Ample Off Street Parking
Year Built | 1979
Zoning | R40
2024 - 2025 OUTGOINGS:
City of Cockburn | $1,800 Per Annum
Water Corporation | $1,040 Per Annum
Property Code: 1067
