FOR SALE
Expressions of Interest

883 Canning Highway
Applecross WA 6153

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Land area: 1047m2
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Blue Sky Investment

Looking for a unique investment opportunity that offers both potential for development and holding income? Look no further than this consolidated property in the highly sought-after area of Applecross. Get in on the action and own your piece of the Canning Bridge Structure Plan (CBSP) with these fully leased units located in the highest density of the CBSP - Zoned R-ACO (mixed used zoning). These four single level units provide a secure holding income whilst plans and timing align for future development creating an amazing opportunity for those looking a blue sky investment property.
This quarter acre site comes with four fully leased units:
• All units are two bedroom, one bathroom
• Enclosed courtyards and car parking
• Located the M10 zone of the Canning Bridge Structure Plan
Sitting on a significant land mass of 1047sqm, this property boasts a perfectly shaped rectangular block that is optimal for a future redevelopment plans. The property's versatility is what sets it apart from other investments. Currently fully leased, this property offers the opportunity to sit back and collect a rental return whilst land banking in the heart of Perth's most active structure plan. Alternatively, with its potential for short-term accommodation, the returns could be even more impressive. But the real value of this property lies in its development potential. With scope to retain the building, renovate the existing units, add an extension, or demolish and redevelop the land, the possibilities are endless.
Imagine owning a stunning development in one of the most desirable locations in Applecross. Don't miss out on this once-in-a-lifetime opportunity. Please contact the Sales Team for further information or to receive a copy of the Information Memorandum.

Property Details for 883 Canning Hwy, Applecross

883 Canning Hwy, Applecross is a 8 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 1047m2. The place is currently for sale with Salt Property Group.

Building Type
BlockOfUnits
Land Size
1047m2

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About Applecross 6153

The size of Applecross is approximately 3.3 square kilometres. It has 12 parks covering nearly 12.8% of total area. The population of Applecross in 2011 was 6,579 people. By 2016 the population was 6,886 showing a population growth of 4.7% in the area during that time. The predominant age group in Applecross is 50-59 years. Households in Applecross are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Applecross work in a professional occupation. In 2011, 67.9% of the homes in Applecross were owner-occupied compared with 68.9% in 2016.

Applecross has 4,404 properties. Over the last 5 years, Houses in Applecross have seen a 67.58% increase in median value, while Units have seen a 34.27% increase. As at 30 September 2024:

  • The median value for Houses in Applecross is $2,275,017 while the median value for Units is $884,412.
  • Houses have a median rent of $1,100 while Units have a median rent of $700.
There are currently 49 properties listed for sale, and 9 properties listed for rent in Applecross on OnTheHouse. According to CoreLogic's data, 275 properties were sold in the past 12 months in Applecross.

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Dane Mcknight
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Glen O'Brien
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Salt Property Group
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