UNDER OFFER - HOME OPEN CANCELLED
The Mathews Team presents 121 Derry Avenue, Mount Nasura to the market - an exceptional development opportunity. Set on a massive 2,028sqm block and zoned R15/25, this property offers outstanding flexibility and multiple future options. Currently positioned on the land is a solid, well built 1950s 3 bedroom, 1 bathroom home, providing both immediate usability and long term potential. Whether you choose to demolish and create a multi lot development (subject to approvals), or retain the existing home and enjoy a large parcel of land in a tightly held foothills location, the options here are hard to ignore. Let's dive into the details.
THE HOUSE
The home is a well constructed 3x1 featuring a large living area, with the dining and kitchen spaces flowing seamlessly. All three bedrooms are generously sized and well presented, while the bathroom and laundry are neat, tidy, and functional. An added bonus is the quality undercroft garage, ideal for vehicle storage, a workshop, or those who enjoy tinkering.
THE BLOCK & SUBDIVISION POTENTIAL
This is where the true value lies. With R15/25 zoning and a generous 2,028sqm landholding, there is potential to create up to approximately five to six lots if the home is demolished, subject to council and WAPC approvals. Multiple subdivision scenarios are possible, and we have included concept overlays within the advertisement to assist with visualising the potential. All development outcomes are subject to relevant approvals, and we recommend contacting the City of Armadale Planning Department on 9394 5000 for further guidance.
LEASE AGREEMENT IN PLACE
The property is currently tenanted under a formal fixed term lease, expiring on 14/08/2026, with a rental return of $575 per week.
LOCATION
Positioned on the sought after foothills stretch of Derry Avenue, this Mount Nasura address offers a peaceful setting away from the hustle and bustle, while remaining conveniently close to local amenities. Be sure to check out the drone photos to appreciate the surrounding area.
WHAT'S NEXT?
Attend the upcoming advertised home open, or feel free to contact The Mathews Team directly for further information or to discuss the opportunity in more detail.
DISCLAIMER: This document has been prepared for advertising and marketing purposes only. Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy and accept no responsibility for the results of any actions taken, or reliance placed upon this document and interested persons are advised to make their own enquiries & satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
Property Code: 4925
