FOR SALE
Expressions of Interest

107 George Way
Cannington WA 6107

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 1384m2
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Prime Development Opportunity

END DATE SALE: ALL OFFERS PRESENTED BY 4pm on 12th November 2024 (the seller reserves the right to sell prior to the end date without notice).
This property offers a fantastic development opportunity in the heart of Cannington, perfect for savvy investors and developers. Located within the Queens Park Local Structure Plan (Residential Precinct A & B), the centre zoning allows for a wide range of possibilities such as multiple or grouped dwellings, childcare or aged care facilities, educational centres, community hubs, or consulting rooms (subject to WAPC and council approval). It's an ideal chance to capitalize on Perth's growing urban landscape.
The existing 1940s 2-bedroom, 1-bathroom home may not be the highlight, but it offers rental income while you plan your future development. Featuring timber floors, high ceilings, and a cosy layout, it's a solid short-term investment as you prepare for the next phase. Sold as-is, the home is functional and rentable, giving you time to map out your vision for the block.
Features Include:
• Prime development opportunity with multiple possibilities
• Centre Zoning + part of the Queens Park Local Structure Plan (Residential Precinct A & B)
• Various development options, including multiple & grouped dwellings, childcare premises, community purpose buildings, consulting rooms, residential buildings, vet centre, educational establishment, home & business buildings, aged care facilities, and more - (subject to WAPC/Council approval; buyers are advised to conduct their own due diligence)
• Rentable home sold 'AS IS' with RCD & smoke alarm compliance (will need to be demolished for development)
• Bore on property for water supply
• Close to Westfield Carousel Shopping Centre, Bentley Hospital, Cannington Leisureplex & library, eateries, medical facilities, public transport hubs, Queens Park Train Station & multiple schools, including • Curtin University
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Property Details for 107 George Way, Cannington

107 George Way, Cannington is a 2 bedroom, 1 bathroom House. The property has a land size of 1384m2. The place is currently for sale with Earnshaws Real Estate.

Building Type
House
Land Size
1384m2

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About Cannington 6107

The size of Cannington is approximately 4.1 square kilometres. It has 21 parks covering nearly 23.2% of total area. The population of Cannington in 2011 was 5,274 people. By 2016 the population was 5,930 showing a population growth of 12.4% in the area during that time. The predominant age group in Cannington is 20-29 years. Households in Cannington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cannington work in a professional occupation. In 2011, 46.7% of the homes in Cannington were owner-occupied compared with 44.8% in 2016.

Cannington has 4,132 properties. Over the last 5 years, Houses in Cannington have seen a 84.59% increase in median value, while Units have seen a 79.24% increase. As at 30 September 2024:

  • The median value for Houses in Cannington is $665,828 while the median value for Units is $524,539.
  • Houses have a median rent of $650 while Units have a median rent of $590.
There are currently 47 properties listed for sale, and 7 properties listed for rent in Cannington on OnTheHouse. According to CoreLogic's data, 279 properties were sold in the past 12 months in Cannington.

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Randi Macpherson
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