FOR SALE
$1,360,000

59 Owtram Road
Armadale WA 6112

Bedrooms: 3
Bathrooms: 1
Car spaces: 7
Land area: 4047m2
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RARE OPPORTUNITY - 4 HOMES - 11,000 sqm - DEVELOPMENT SITE - Zoned R 15/60 - 2 Street Frontage.

Looking for that new development, A project to land bank for the future, then you need to seriously look at these parcel of land.
THAT PROVIDES YOU WITH A NUMBER OF BENEFITS & OPTIONS?
• FOUR TITLES / FOUR HOMES / FOUR RENTAL INCOMES.
• Both 59 & 61 Owtram and 3201 & 3203 Albany Hwy are all to be sold as one.
• 11,000 square meter, with Zoning of R15 / R60 allowing for the potential of a higher density development.
• Live in one while receiving rent from the other 3 properties?
• Plan your development while receiving four rental incomes.
• PURE INVESTMENT / LAND BANK FOR THE FUTURE.
Very rarely will you find a parcel of land of this size for sale with these benefits so close to the City centre that could provide you with so many options with major infrastructure and services developed & developing literally at your doorstep.
The city of Armadale is uniquely located and supported by major infrastructure already in place with further large-scale developments underway that are transforming the City of Armadale and could be one of the reasons why investors are attracted to the area.
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Property Details for 59 Owtram Rd, Armadale

59 Owtram Rd, Armadale is a 3 bedroom, 1 bathroom House with 7 parking spaces. The property has a land size of 4047m2. The place is currently for sale with Raine & Horne Cannington.

Building Type
House
Land Size
4047m2

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About Armadale 6112

The size of Armadale is approximately 8.3 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Armadale in 2011 was 12,853 people. By 2016 the population was 13,607 showing a population growth of 5.9% in the area during that time. The predominant age group in Armadale is 20-29 years. Households in Armadale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Armadale work in a trades occupation. In 2011, 57.3% of the homes in Armadale were owner-occupied compared with 54.8% in 2016.

Armadale has 7,225 properties. Over the last 5 years, Houses in Armadale have seen a 170.70% increase in median value, while Units have seen a 147.73% increase. As at 31 October 2024:

  • The median value for Houses in Armadale is $578,291 while the median value for Units is $434,163.
  • Houses have a median rent of $560 while Units have a median rent of $513.
There are currently 82 properties listed for sale, and 25 properties listed for rent in Armadale on OnTheHouse. According to CoreLogic's data, 565 properties were sold in the past 12 months in Armadale.

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Will Trainer
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Raine & Horne Cannington
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