FOR SALE
FROM 685K

23 Newbury Street
Balga WA 6061

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 102m2
Land area: 728m2
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Prime Investment Opportunity: 3-Bedroom Home with R40 Zoning and Triplex Potential

This solid 3-bedroom, 1-bathroom brick-and-tile home on a generous 728sqm block offers exciting R40 zoning with triplex-subdivision potential. Ideal for investors or future planners, it provides the option to divide the block while retaining the original home as a rental or redevelop into three villas. Features include gated side access with ample parking, a large single lock-up garage that could serve as a workshop or games room, and comfortable carpeted bedrooms with a ceiling fan in the master. The practical bathroom has a bathtub and shower, and the separate kitchen and dining area is equipped with an upright cooker. The air-conditioned front lounge room and versatile additional space-ideal as a fourth bedroom or home office-add to the appeal. Outside, enjoy a spacious backyard with lawn, trees, and a patio-entertaining area. Located just metres from Fieldgate Square Shopping Centre, parks, Balga Community and Leisure Centres, North Balga Primary School, and with easy access to major routes, this property is perfect for rental income or future development.
CURRENTLY LEASED UNTIL 25/02/2025 for $400/week
Market Rent Appraisal - $550/week
Features
- R40 Zoning: Triplex-subdivision potential.
- Block Size: 728sqm.
- Parking: Gated side access, secure rear parking, large single lock-up garage/workshop.
- Interior Features: Carpeted bedrooms, ceiling fan in master, practical bathroom with bathtub and shower head.
- Versatile Room: Additional space for fourth bedroom or home office.
- Outdoor Area: Spacious backyard, lawn, trees, patio-entertaining area.
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Property Details for 23 Newbury St, Balga

23 Newbury St, Balga is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 728m2 and floor size of 102m2. The place is currently for sale with Professionals The Wright Team.

Building Type
House
Floor Size
102m2
Land Size
728m2

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About Balga 6061

The size of Balga is approximately 5.2 square kilometres. It has 38 parks covering nearly 14.5% of total area. The population of Balga in 2011 was 10,701 people. By 2016 the population was 12,698 showing a population growth of 18.7% in the area during that time. The predominant age group in Balga is 20-29 years. Households in Balga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balga work in a trades occupation. In 2011, 49.5% of the homes in Balga were owner-occupied compared with 50.6% in 2016.

Balga has 7,656 properties. Over the last 5 years, Houses in Balga have seen a 101.98% increase in median value, while Units have seen a 150.28% increase. As at 31 August 2024:

  • The median value for Houses in Balga is $574,336 while the median value for Units is $546,762.
  • Houses have a median rent of $560 while Units have a median rent of $563.
There are currently 60 properties listed for sale, and 17 properties listed for rent in Balga on OnTheHouse. According to CoreLogic's data, 467 properties were sold in the past 12 months in Balga.

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Ronnie Abboud
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Professionals The Wright Team
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