SOLD
Sold on 21 Dec 2023 for $2,515,000

8 Palana Road
City Beach WA 6015

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 230m2
Land area: 809m2
Sold By
Excellence Property Specialists
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Property Details for 8 Palana Rd, City Beach

8 Palana Rd, City Beach is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 809m2 and floor size of 230m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in City Beach in the last 12 months.

Building Type
House
Year Built
1965
Floor Size
230m2
Land Size
809m2
Local Government
Cambridge
Lot/Plan
392/P007257

Last Listing description (February 2024)

End this year by securing the best City Beach can offer: CONTEMPORARY BEACH BUNGALOW ENTRY LEVEL PRICED PROPERTY (more photos to follow)A RARE ADDRESS IN OLD CENTRAL CITY BEACH UNLIMITED POTENTIAL FOR EQUITY AND GROWTHIn one of the most sought-after neighbourhoods of Old Central City Beach, on the hilltop overlooking Windarra estate and the ocean, a landholding sitting 46 metres above the sea level, across the beach restaurants, City Beach oval, and next to City Beach primary school.The house is an original beach bungalow with under croft garage, refurbished and modified to meet the standards of a modern family through ample space indoors and outdoors and a beautiful swimming pool! Designed with the future in mind, the house boasts a provision for a second storey that promises uninterrupted panoramas of the azure waters stretching to the horizon.At the heart of this abode is a captivating fusion of the kitchen, open living, and dining area - a space where family and friends naturally gather to create cherished memories. The seamless integration of these key living spaces ensures a harmonious flow, while high ceilings and wood floors add an air of sophistication.For those seeking a more intimate retreat, a second living area awaits, complete with an open fireplace that invites warmth and conversation. This thoughtfully designed home comprises four bedrooms and two bathrooms, providing ample space for both relaxation and rejuvenation.You can:- Live in and enjoy from day 1 - Invest, rent it out, and see the value of your investment growing - Build your dream home in one of the most sought-after locations, gifted with eternal ocean views(Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent)

Property History for 8 Palana Rd, City Beach, WA 6015

A timeline of how this property has performed in the market
Last Sold
$2,515,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $2,515,000
  • 05 Dec 2023
    Listed for Sale UNDER CONTRACT
  • 06 Aug 2018
    Sold for $1,850,000
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About City Beach 6015

The size of City Beach is approximately 10 square kilometres. It has 27 parks covering nearly 54% of total area. The population of City Beach in 2011 was 6,356 people. By 2016 the population was 6,641 showing a population growth of 4.5% in the area during that time. The predominant age group in City Beach is 10-19 years. Households in City Beach are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in City Beach work in a professional occupation. In 2011, 79.9% of the homes in City Beach were owner-occupied compared with 80.6% in 2016.

City Beach has 2,512 properties. Over the last 5 years, Houses in City Beach have seen a 82.84% increase in median value, while Units have seen a 90.02% increase. As at 31 October 2024:

  • The median value for Houses in City Beach is $2,908,671 while the median value for Units is $1,638,250.
  • Houses have a median rent of $1,400 while Units have a median rent of $915.
There are currently 28 properties listed for sale, and 2 properties listed for rent in City beach on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in City beach.

Suburb Insights for City Beach 6015

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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.