FOR SALE
Under Contract

521 Karrinyup Road
Innaloo WA 6018

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 1159m2
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PRIME DEVELOPMENT OPPORTUNITY

Morgan and Hayes Real Estate is delighted to present 521 Karrinyup Road, Innaloo – an exciting development opportunity in one of Perth's thriving suburbs. This property offers an expansive 1159 sqm block, zoned R40, providing endless possibilities for developers and investors.
The existing home is a solid, two-story brick and tile residence with spacious living areas, offering potential for renovation or as a rental income generator while planning your future development. Featuring multiple bedrooms and living spaces, the house itself is full of character and charm, making it perfect for families or groups seeking room to grow. The interiors boast vintage design elements, including a large retro-style kitchen and ample storage, along with generously sized living and dining areas. The home's two-story layout offers flexibility, with a balcony upstairs providing views of the surrounding area.
Outside, the property's extensive grounds are a blank slate, ideal for landscaping or redevelopment. With the zoning allowing for potential subdivision, this site is ready to be transformed into a modern development of townhouses or units (subject to council approval).
The location is highly sought after, positioned close to popular shopping hubs such as Karrinyup Shopping Centre, schools, parks, and public transport options, making it a prime candidate for future growth. Innaloo itself is a fast-evolving suburb, attracting developers and homebuyers alike for its proximity to Perth's CBD and coastal amenities.
Whether you're looking to renovate, invest, or develop, this property offers a rare opportunity in a prime location. Don't miss your chance to secure this exciting prospect.
Contact Morgan and Hayes Real Estate today for more information or to arrange a viewing of 521 Karrinyup Road, Innaloo.

Property Details for 521 Karrinyup Rd, Innaloo

521 Karrinyup Rd, Innaloo is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1159m2. The place is currently for sale with Morgan & Hayes Real Estate - Rossmoyne.

Building Type
House
Land Size
1159m2

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About Innaloo 6018

The size of Innaloo is approximately 3.2 square kilometres. It has 11 parks covering nearly 7.1% of total area. The population of Innaloo in 2011 was 7,647 people. By 2016 the population was 8,250 showing a population growth of 7.9% in the area during that time. The predominant age group in Innaloo is 30-39 years. Households in Innaloo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Innaloo work in a professional occupation. In 2011, 57.3% of the homes in Innaloo were owner-occupied compared with 56.8% in 2016.

Innaloo has 5,923 properties. Over the last 5 years, Houses in Innaloo have seen a 77.28% increase in median value, while Units have seen a 107.16% increase. As at 31 October 2024:

  • The median value for Houses in Innaloo is $988,254 while the median value for Units is $810,555.
  • Houses have a median rent of $750 while Units have a median rent of $670.
There are currently 23 properties listed for sale, and 3 properties listed for rent in Innaloo on OnTheHouse. According to CoreLogic's data, 302 properties were sold in the past 12 months in Innaloo.

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Kym Chamberlain
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Jack Chamberlain
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Morgan & Hayes Real Estate - Rossmoyne
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