FOR SALE
$1,950,000 Ex GST

938 Albany Highway
East Victoria Park WA 6101

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1056m2
Land area: 1056m2
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Attention Investors and Developers - Prime Development Site!!!

Absolute Prime Location Development Site!!!
A very unique opportunity to acquire a rare piece of development land in a prime location!
Set amongst the action and activity of the Albany Highway East Victoria Park Cafe and Business strip location.
Currently, a vacant development site, high exposure site 1,056 sqm (approx.) is zoned R80 building code featuring mixed zoning of Residential and Commercial development with the capacity to building up to 12 apartments (S.T.C.A ) on a 3 level development involving commercial tenancy on the ground floor of approx. 30% of the total build area based on a 1.1 plot ration of the total development area.
This location features all facilities at your doorsteps such as shopping, cafe/restaurant and transport.
Asking price of $1,950,000 provides sound buying for this limited availability of prime site locations to purchase at today's values.

Property Details for 938 Albany Hwy, East Victoria Park

Building Type
Commercial
Floor Size
1056m2
Land Size
1056m2

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About East Victoria Park 6101

The size of East Victoria Park is approximately 3.9 square kilometres. It has 19 parks covering nearly 8.1% of total area. The population of East Victoria Park in 2011 was 9,031 people. By 2016 the population was 10,076 showing a population growth of 11.6% in the area during that time. The predominant age group in East Victoria Park is 20-29 years. Households in East Victoria Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Victoria Park work in a professional occupation. In 2011, 53.9% of the homes in East Victoria Park were owner-occupied compared with 55.4% in 2016.

East Victoria Park has 5,943 properties. Over the last 5 years, Houses in East Victoria Park have seen a 78.35% increase in median value, while Units have seen a 80.83% increase. As at 30 November 2024:

  • The median value for Houses in East Victoria Park is $981,731 while the median value for Units is $595,293.
  • Houses have a median rent of $720 while Units have a median rent of $640.
There are currently 23 properties listed for sale, and 6 properties listed for rent in East victoria park on OnTheHouse. According to CoreLogic's data, 291 properties were sold in the past 12 months in East victoria park.

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Albert Fontana
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NAI Harcourts Metro
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