SOLD
Sold on 30 Aug 2024 for $1,400,000

2/77 Discovery Drive
Bibra Lake WA 6163

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 653m2
Land area: 645m2
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Property Details for 2/77 Discovery Dr, Bibra Lake

Building Type
Commercial
Year Built
2008
Floor Size
653m2
Land Size
645m2
Local Government
Cockburn
Lot/Plan
2/S056508

Last Listing description (May 2023)

Discovery Drive is the best and busiest road in LandCorp's Cockburn Commercial Park.

Here is an opportunity to purchase in a street facing, strata titled office / warehouse in a group of only 3.


The lease commenced on 1 November 2009 and expires 31 October 2012. The rent is $66,500, however will increase to $69,825 on 1 November 2010.

This property represents value for money as the rent is at Market value and the price equates to only $1,519 per sqm.

Property History for 2/77 Discovery Dr, Bibra Lake, WA 6163

A timeline of how this property has performed in the market
Last Sold
$1,400,000
30 Aug 2024
Listed for Rent
$52k/w
14 Aug 2020
  • 30 Aug 2024
    Sold for $1,400,000
  • 14 Nov 2019
    Listed for Rent $51,600 / year
  • 29 Oct 2019
    Listed for Sale SOLD - $900,000
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About Bibra Lake 6163

The size of Bibra Lake is approximately 12.8 square kilometres. It has 19 parks covering nearly 32.9% of total area. The population of Bibra Lake in 2011 was 5,954 people. By 2016 the population was 5,890 showing a population decline of 1.1% in the area during that time. The predominant age group in Bibra Lake is 50-59 years. Households in Bibra Lake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bibra Lake work in a professional occupation. In 2011, 82.9% of the homes in Bibra Lake were owner-occupied compared with 81.4% in 2016.

Bibra Lake has 4,016 properties. Over the last 5 years, Houses in Bibra Lake have seen a 89.78% increase in median value, while Units have seen a 56.81% increase. As at 30 September 2024:

  • The median value for Houses in Bibra Lake is $873,867 while the median value for Units is $406,558.
  • Houses have a median rent of $690 while Units have a median rent of $410.
There are currently 14 properties listed for sale, and 3 properties listed for rent in Bibra lake on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Bibra lake.

Suburb Insights for Bibra Lake 6163

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.