SOLD
Sold on 30 May 2024 for $440,000

40 Forrest Street
Broome WA 6725

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 89m2
Land area: 1216m2
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Property Details for 40 Forrest St, Broome

40 Forrest St, Broome is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1966. The property has a land size of 1216m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Broome in the last 12 months.

Building Type
House
Year Built
1966
Floor Size
89m2
Land Size
1216m2
Local Government
Broome
Lot/Plan
694/P168896

Last Listing description (April 2014)

Potential 4 UNIT SITE
This original Old Broome home literally has POTENTIAL and OPPORTUNITY written all over it.
Choose to redevelop into a multi unit site, OR retain the house and subdivide the large block, OR retain the house, renovate and enjoy a large backyard.

The property is ideally situated close to Town Beach, the IGA supermarket, pharmacy and the Oaks hotel. Its perfect for redevelopment.
The Property Features:
-Massive 1,216sqm Potential Development Block
-Existing 3 Bedroom, 2 Bathroom Home
-Zoned R30 under Current Shire Town Planning Scheme
-Potential 4 Unit Site, Subject to Shire Approvals
-Convenient Location Close to Shops, Restaurants, Bars & Town Beach
Buy now and benefit from todays prices.

Property History for 40 Forrest St, Broome, WA 6725

A timeline of how this property has performed in the market
Last Sold
$440,000
30 May 2024
  • 30 May 2024
    Sold for $440,000
  • 24 Dec 2013
    Listed for Sale $667,000.00
  • 22 May 2002
    Sold for $170,000
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About Broome 6725

The size of Broome is approximately 5.8 square kilometres. It has 9 parks covering nearly 3.5% of total area. The population of Broome in 2011 was 4,290 people. By 2016 the population was 4,042 showing a population decline of 5.8% in the area during that time. The predominant age group in Broome is 30-39 years. Households in Broome are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Broome work in a professional occupation. In 2011, 33.7% of the homes in Broome were owner-occupied compared with 35.3% in 2016.

Broome has 2,223 properties. Over the last 5 years, Houses in Broome have seen a 56.21% increase in median value, while Units have seen a 59.85% increase. As at 31 October 2024:

  • The median value for Houses in Broome is $556,238 while the median value for Units is $379,817.
  • Houses have a median rent of $850 while Units have a median rent of $695.
There are currently 33 properties listed for sale, and 20 properties listed for rent in Broome on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Broome.

Suburb Insights for Broome 6725

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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.