Presenting a clear land-value opportunity, this property is being sold in its current condition, allowing developers to take full advantage of the block's size, favourable zoning, and strong street presence. The site provides a straightforward pathway to clear and redevelop, making it an attractive prospect for those looking to deliver a project that maximises both yield and long-term return. With flexibility to build and sell, hold as an investment, or land-bank for future capital growth, the fundamentals here support a range of strategic outcomes within a well-established growth corridor.
The R40 zoning underpins the site's appeal, offering the potential for a triplex development (STCA) and aligning with Perth's ongoing demand for well-designed medium-density housing. This zoning encourages efficient use of the land while still allowing for practical, market-ready dwellings that cater to both owner-occupiers and investors seeking low-maintenance, conveniently located homes.
Adding further versatility, the existing residence provides a solid structure that could be retained and renovated. This flexibility allows buyers to stage their approach, extracting value from the property in the short term while positioning themselves to fully capitalise on the site's redevelopment potential in the future.
Land:
• 728m2 block
• R40 zoned
• Flat, rectangular block
Location:
• 180m to Gorjy Park
• 450m to the nearest bus stop
• 450m to Balga Plaza Shopping Centre
• 700m to Balga Primary School
• 800m to Bina Parkland
• 1.3km to Balga Senior High School
• 1.7km to North Metropolitan TAFE
