FOR SALE
Inviting Offers from $999,000

24 Melbourne Street
St James WA 6102

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Land area: 1012m2
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PRIME DEVELOPMENT SITE: DA-Approved and Ready for Action

Turn Dreams into Reality at 24 Melbourne Street - Your Gateway to Development Excellence.
Seize this golden opportunity to transform 24 Melbourne St into a landmark development. DA-approved for eleven architecturally designed apartments, all the hard work has been done—now it's time to reap the rewards.
Located in the vibrant, evolving suburb of St James, this property ticks every box for developers and investors alike. In a market facing housing shortages, it's the perfect time to step in and be part of the solution.
Key Features:
- DA Approval for 11 Apartments – Ready to go with all approvals in place.
- Cleared Development Site – Zoned R80, with 1012m2 of prime land.
- Prime Location – Only 8km from Perth CBD in an up-and-coming suburb.
Location & Lifestyle:
- Victoria Park Café & Restaurant Strip – International cuisine at your doorstep.
- Curtin University, top schools, and public transport nearby.
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Property Details for 24 Melbourne St, St James

Building Type
Land
Land Size
1012m2

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About St James 6102

The size of St James is approximately 1.7 square kilometres. It has 11 parks covering nearly 2.1% of total area. The population of St James in 2011 was 4,532 people. By 2016 the population was 4,894 showing a population growth of 8.0% in the area during that time. The predominant age group in St James is 20-29 years. Households in St James are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St James work in a professional occupation. In 2011, 49.4% of the homes in St James were owner-occupied compared with 50.6% in 2016.

St James has 2,527 properties. Over the last 5 years, Houses in St James have seen a 74.83% increase in median value, while Units have seen a 92.76% increase. As at 31 October 2024:

  • The median value for Houses in St James is $833,517 while the median value for Units is $588,484.
  • Houses have a median rent of $675 while Units have a median rent of $600.
There are currently 21 properties listed for sale, and 6 properties listed for rent in St james on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in St james.

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Sue Rowles
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PEARD REAL ESTATE
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