FOR SALE
Low to Mid $5m

27 Mills Street
Cannington WA 6107

Bedrooms: 30
Bathrooms: 17
Car spaces: 20
Land area: 4601m2
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Rare Investment Opportunity - 4601sqm inc 11 Dwellings

Welcome to an exceptional investment opportunity nestled at 25a and 27 Mills Street in the vibrant Cannington area. This expansive 4601 sqm site boasts a collection of 10 villas, including a mix of two bedroom, three bedroom and four bedrooms plus one vacant lot and one main residential home which includes five bedrooms and three bathrooms.
One of the standout features of this property is its low maintenance requirements, making it an ideal choice for investors seeking a property with minimal upkeep demands. The units' easy-to-maintain nature allows for a smooth operation and reduced management efforts, perfect for busy investors looking to streamline their portfolio.
In addition to the tenanted units, the property includes a vacant block that is serviced and ready for the construction of an additional dwelling. This presents a significant opportunity for increased rental income, allowing investors to maximise the property's earning potential in a competitive rental market.
The main dwelling on the site is another highlight, offering ample space with 5 large bedrooms, 3 sizeable bathrooms, and 4 spacious living areas. This layout is well-suited for multigenerational living or accommodating larger families, adding versatility and attractiveness to the property.
Beyond the immediate features, the strategic location of 25a and 27 Mills Street further enhances its investment appeal. Situated in the heart of Cannington, residents enjoy easy access to essential amenities, public transport options, quality schools, and popular shopping centres. The surrounding area's ongoing development makes this investment not just a purchase but a smart long-term asset.
25a Mills Street Total Site: 1816sqm
• 2 Villa's Parapet Wall with 3 Bedrooms x 1 Bathrooms
• 2 Villa's Parapet Wall with 2 Bedrooms x 1 Bathrooms
27 Mills Street Total Site: 2785sqm
• Existing original house on it which is a two storey
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Property Details for 27 Mills St, Cannington

27 Mills St, Cannington is a 30 bedroom, 17 bathroom BlockOfUnits with 20 parking spaces. The property has a land size of 4601m2. The place is currently for sale with Ray White South Perth.

Building Type
BlockOfUnits
Land Size
4601m2

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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 4,122 properties. Over the last 5 years, Houses in Cannington have seen a 86.62% increase in median value, while Units have seen a 82.24% increase. As at 31 October 2024:

  • The median value for Houses in Cannington is $680,876 while the median value for Units is $518,002.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 57 properties listed for sale, and 24 properties listed for rent in Cannington on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Cannington.

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Suburb Insights for Cannington 6107

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Domenic Chiellini
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Jannine Blum
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Ray White South Perth
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