FOR SALE
Mid $1 Millions

24 Vancouver Street
Albany WA 6330

Bedrooms: 8
Bathrooms: 4
Car spaces: 3
Land area: 1846m2
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Top Investment Potential in Central Albany

This exceptional property presents an exciting and unique investment opportunity – a brilliant building, excellent rent returns with potential for much more, and a large piece of land in a brilliant central position, with room for additional development.
Originally named ‘Dalkeith’ and subsequently ‘Brackley Flats’, the imposing late Victorian/federation home has a charming story and is brimming with warmth and soul, with brick fireplaces, wide floorboards, soaring ceilings, and majestic hallways – stunning character everywhere you look. Currently split into four apartments, the property has excellent long term tenants bringing solid rent returns, it is also perfectly suited to high-end short-stay accommodation with potential to achieve significant revenue.
Located in the heart of Albany, the property takes in harbour views, and sits in the beautiful historical precinct within easy reach of the cafes, bars, and eateries of town, and with the Brig Amity, Mutenup (Foundation Park), and renowned Albany Farmers Markets all close by.
With a massive 1,846sqm of land there is also scope to further develop the property, perhaps with a couple of units at the back.
As Albany grows, properties in central locations only become more valuable. Here you are not only buying a big chunk of prime land, you are buying an amazing building, superb income potential, and potential to develop further.
• Beautiful late Victorian/federation building constructed approximately 1885
• Large 1,846sqm lot, Residential R30/R40 zoning, potential for further development
• Excellent central location approximately 100m to the farmers markets and 250m to York St. Within easy reach of cafes, bars, and eateries of town
• In Albany’s historical precinct, with views to Princess Royal Harbour
• Divided into four apartments with long term tenants, solid rental income
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Property Details for 24 Vancouver St, Albany

24 Vancouver St, Albany is a 8 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 1846m2. The place is currently for sale with Elders Real Estate Albany.

Building Type
House
Land Size
1846m2

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About Albany 6330

The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2011 was 1,463 people. By 2016 the population was 1,310 showing a population decline of 10.5% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation. In 2011, 60.3% of the homes in Albany were owner-occupied compared with 61.7% in 2016.

Albany has 1,367 properties. Over the last 5 years, Houses in Albany have seen a 48.44% increase in median value, while Units have seen a -11.48% decrease. As at 31 August 2024:

  • The median value for Houses in Albany is $560,249 while the median value for Units is $207,511.
  • Houses have a median rent of $475 while Units have a median rent of $350.
There are currently 23 properties listed for sale, and 6 properties listed for rent in Albany on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Albany.

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Blair Scott
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Elders Real Estate Albany
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