FOR SALE
From $820.000

45 Frederick Street
Shoalwater WA 6169

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1160.97m2
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COASTAL DEVELOPMENT OPPORTUNITY

Uncover a hidden gem in Shoalwater with this promising development site, tucked away on a spacious 1,161sqm block boasting an enviable R40 zoning. Picture-perfect for a potential 5-unit development (subject to council approval), the canvas is ripe for your creative vision. With an existing 2-bedroom, 1-bathroom home being sold on an "As Is and Where Inspected' basis"
Location-wise, it's a dream come true! Just a skip and a hop away, indulge in leisurely strolls around the scenic pathways of Lake Richmond. Need to grab a few essentials? Shoalwater Shopping Centre is a mere 400 meters stroll away, ensuring convenience is always at your fingertips.
Embrace the coastal vibe with the Shoalwater Foreshore beckoning just 1km from your doorstep, while the iconic Palm Beach is a short 2.6km jaunt for sun-soaked adventures. For a spot of retail therapy, Rockingham Shopping Centre is a quick 4.5km drive, while the vibrant Rockingham Foreshore awaits just 3.6km away.
Nestled on the property is a quaint 2-bedroom, 1-bathroom brick and tile abode, brimming with potential. While it may be a tad dated, it's got some good bones but it will be sold on an "As Is and Where Inspected" basis. Inside, discover a cosy living area and an original kitchen with a designated meals spot. There's a freestanding garage offering space for one car. Stay cool with the split system air conditioner and enjoy the convenience of an internal laundry and separate toilet.
Outside, a petite patio sets the scene for alfresco living and dreaming up your vision for this promising space. Calling all savvy investors and developers! Don't miss out on this fantastic opportunity to turn dreams into reality in this highly sought-after locale.
For more information and inspection times contact:
Agent: Sarah Richardson
Mobile: 0410 606 095
NOTE: This is being sold on an AS IS and WHERE INSPECTED basis.
PROPERTY INFORMATION
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Property Details for 45 Frederick St, Shoalwater

Building Type
Land
Land Size
1160.97m2

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About Shoalwater 6169

The size of Shoalwater is approximately 2.5 square kilometres. It has 14 parks covering nearly 19% of total area. The population of Shoalwater in 2011 was 3,846 people. By 2016 the population was 4,103 showing a population growth of 6.7% in the area during that time. The predominant age group in Shoalwater is 50-59 years. Households in Shoalwater are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Shoalwater work in a trades occupation. In 2011, 56.9% of the homes in Shoalwater were owner-occupied compared with 60.7% in 2016.

Shoalwater has 2,595 properties. Over the last 5 years, Houses in Shoalwater have seen a 97.18% increase in median value, while Units have seen a 90.78% increase. As at 31 October 2024:

  • The median value for Houses in Shoalwater is $782,245 while the median value for Units is $410,671.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 16 properties listed for sale, and 3 properties listed for rent in Shoalwater on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Shoalwater.

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Sarah Richardson
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CENTURY 21 Team Brockhurst
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