821 Canning HighwayApplecross WA 6153
Property Details for 821 Canning Hwy, Applecross
821 Canning Hwy, Applecross is a 8 bedroom, 4 bathroom Unit and was built in 1956. The property has a land size of 1133m2 and floor size of 293m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (October 2023)
Salt Property Group are proud to offer this unique investment opportunity to the market.
Looking for a unique investment opportunity that offers both potential for development and impressive returns? Look no further than this consolidated property in the highly sought-after area of Applecross.
Sitting on a significant land mass of 1133 sqm, this property boasts a perfectly shaped rectangular block that rises gently from the road. The character building underwent a complete renovation several years ago, including a new roof and a full internal refit, ensuring that it is both functional and aesthetically pleasing.
The property's versatility is what sets it apart from other investments. Currently leased as four apartments, each generating $440 per week in rent, it offers the opportunity to sit back and collect a healthy return of around $90,000 a year. Alternatively, with its potential for short-term accommodation, the returns could be even more impressive.
But the real value of this property lies in its development potential. With scope to retain the character building and develop further, or demolish and redevelop the land, the possibilities are endless. Imagine owning a stunning development in one of the most desirable locations in Applecross.
Don't miss out on this once-in-a-lifetime opportunity. Contact Dane or Tori today to learn more about this unique investment opportunity.
Property History for 821 Canning Hwy, Applecross, WA 6153
- 02 Jul 2023Sold for $2,100,000
- 13 Mar 2023Listed for Rent $500 / week
- 24 May 2022Listed for Sale Low to Mid $2M's
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About Applecross 6153
The size of Applecross is approximately 3.3 square kilometres. It has 12 parks covering nearly 12.8% of total area. The population of Applecross in 2011 was 6,579 people. By 2016 the population was 6,886 showing a population growth of 4.7% in the area during that time. The predominant age group in Applecross is 50-59 years. Households in Applecross are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Applecross work in a professional occupation. In 2011, 67.9% of the homes in Applecross were owner-occupied compared with 68.9% in 2016.
Applecross has 4,413 properties. Over the last 5 years, Houses in Applecross have seen a 77.07% increase in median value, while Units have seen a 43.05% increase. As at 31 August 2024:
- The median value for Houses in Applecross is $2,239,369 while the median value for Units is $900,292.
- Houses have a median rent of $1,100 while Units have a median rent of $700.
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