Here is an increasingly rare opportunity to secure approximately 10 acres (4.2ha) in the heart of Oakford, with genuine future potential.
Currently zoned Rural Residential 2, the planning framework provides for approximately 2 hectare lots, creating the potential to subdivide the property into two substantial lifestyle lots, subject to the normal subdivision approval process, servicing requirements and all relevant statutory approvals.
For buyers looking at the land rather than just the house, this is where the opportunity becomes particularly interesting.
The property also has a long history as an equestrian property and provides an excellent foundation for someone wanting to establish or restore a horse property close to Perth.
THE HOME
The existing three-bedroom residence is an older country home offering comfortable accommodation with plenty of scope to renovate, modernise and add value.
Rather than starting from scratch, buyers have the opportunity to improve the existing home at their own pace while enjoying the space and lifestyle that comes with approximately 10 acres.
The home could also potentially form part of one future lot should the property ultimately be subdivided.
EQUESTRIAN POTENTIAL
Formerly operated as a horse-training property, the land already contains infrastructure associated with its previous equestrian use, including:
- Existing stables
- Multiple sheds and outbuildings
- Former horse-training facilities
- Extensive open land
- Plenty of room for paddocks, yards and further improvements
Some of the existing infrastructure requires repair and upgrading, however the bones of a substantial horse property are already here.
THE REAL OPPORTUNITY - THE LAND
With approximately 42,037sqm of land and current Rural Residential 2 zoning, this property offers significantly more than simply a rural lifestyle.
The zoning provides for approximately 2ha lots, presenting the opportunity to investigate subdivision into two approximately five-acre properties.
This may provide a future owner with several options:
- Retain the entire property as a substantial lifestyle or equestrian holding
- Renovate and improve the existing residence
- Restore and expand the equestrian facilities
- Investigate subdivision into two approximately 2ha lifestyle lots
- Retain one lot and sell the other
- Create separate family holdings
- Landbank for the future
Large landholdings with an existing pathway to smaller Rural Residential lots are becoming increasingly difficult to find this close to the expanding Perth metropolitan area.
PROPERTY HIGHLIGHTS
- Approximately 10 acres / 42,037sqm
- Rural Residential 2 zoning
- Current zoning provides for approximately 2ha lots
- Genuine subdivision potential, subject to approvals
- Existing three-bedroom residence
- Established rural lifestyle property
- Former horse-training property
- Existing stables, sheds and outbuildings
- Significant opportunity to renovate and add value
- Excellent potential for equestrian use
- Multiple future ownership and development options
- Convenient Oakford location with access to major transport routes and surrounding amenities
Whether your interest is horses, lifestyle, subdivision, investment or simply securing a substantial piece of Oakford, this is a property where the land provides the opportunity.
Properties like this are increasingly difficult to replace.
Contact Matthew Scofield at Oakford Realty for further information or to arrange an inspection.
Disclaimer: Any reference to subdivision, development or future land use is subject to Western Australian Planning Commission approval, local government requirements, servicing, access, environmental considerations, easements and all other relevant statutory approvals. Buyers should undertake their own due diligence prior to purchasing.
