49/51 Leonora StreetComo WA 6152
Property Details for 49/51 Leonora St, Como
49/51 Leonora St, Como is a 0 bedroom, 0 bathroom House. The property has a land size of 1244m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 0 bedroom House sold in Como in the last 12 months.
Last Listing description (October 2024)
49 Leonora Street, Como, Western Australia (632 sqm)
51 Leonora Street, Como, Western Australia (612 sqm)
**Combined Land Size:** 1244 sqm
"An Extremely Rare Development Site"
Capitalizing on the location and planning guidelines under the Canning Bridge Activity Centre Plan, the site's rectangular shape and ample 40 SQM frontage make it an excellent candidate for Como's next BIG Landmark.
**Opportunity Highlights**
- Generous Land Size: Amalgamate the two blocks to create a massive 1244 sqm rectangular site, perfect for multi-storey development. The current zoning allows for up to 8 storey apartment building (STCA). The combined frontage of 40 meters enhances the appeal and flexibility of your project.
- High Rental Yield: The existing 4 Units on Each block are 2 bedrooms 1 bathroom each. . The 8 units are currently tenanted, generating an annual income of $82K, providing immediate returns on your investment, while you work through your plans. (Updated Rental assessment shows a potential Gross Rental Income of Approx. $187,000 P.A.)
- Approved plans in place for 39 Apartments in an Eight-Srtorey Apartment Building. Approval is valid until January 2025.
** Further Options**
- Buy Now, Landbank & Profit Later: Secure the property now, enjoy the lucrative rental returns, and sell in the future for a potential profit as the area continues to develop and grow in value.
- Subdivide & Develop: Purchase the two blocks, subdivide each, and plan your future construction (Subject to Special Council Approvals).
- Build Your Dream Home: Construct your dream multi-storey home in this exceptional location (Subject to Special Council Approvals). Enjoy living in a prime area with all the conveniences and attractions Como has to offer.
**Unparalleled Location**
Nestled in the heart of Como, these properties are situated within the futuristic vision of Canning Bridge Activity Centre Plan, offering immense development potential and unmatched location advantage.
With easy access to a range of amenities and attractions, this location is genuinely exceptional. The below nearby attractions are only to mention a few (Distances Are Approximate):
- **Swan River (300m): A short stroll away from the scenic beauty and recreational opportunities of the Swan River. What can be better?
- **Canning Bridge Station: Only 450 Meters to Canning Bridge Station, providing seamless public transport options, making commuting to Perth CBD
Property History for 49/51 Leonora St, Como, WA 6152
- 03 Sep 2024Sold
- 06 Aug 2024Listed for Sale Expressions Of Interest
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About Como 6152
The size of Como is approximately 6.5 square kilometres. It has 16 parks covering nearly 20.7% of total area. The population of Como in 2011 was 13,399 people. By 2016 the population was 14,130 showing a population growth of 5.5% in the area during that time. The predominant age group in Como is 20-29 years. Households in Como are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Como work in a professional occupation. In 2011, 52.7% of the homes in Como were owner-occupied compared with 54.7% in 2016.
Como has 9,188 properties. Over the last 5 years, Houses in Como have seen a 46.41% increase in median value, while Units have seen a 57.49% increase. As at 31 August 2024:
- The median value for Houses in Como is $1,276,160 while the median value for Units is $684,521.
- Houses have a median rent of $800 while Units have a median rent of $600.
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