212 Eighth AvenueInglewood WA 6052
Property Details for 212 Eighth Ave, Inglewood
212 Eighth Ave, Inglewood is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 2163m2 and floor size of 66m2.
Last Listing description (August 2023)
ONCE IN A LIFETIME OPPORTUNITY!!
Once in a Lifetime Opportunity to secure this enviable investment opportunity that boasts 10 Apartments registered on a single Multi-Lot title (ie not strata)
212 Eighth Avenue Inglewood affords the astute investor a total of 10 Apartments on a HUGE 2163sqm block Zoned R30 HPA with 2 street frontage (access to sealed & lit rear right of way) in a sought after location handy to most facilities and easy commute via Beaufort Street to the CBD and is an ideal prospect for those looking for a solid investment.
212 Eighth Avenue comprises 10 Original Apartments spread over 2 floors and provides a mix of 4 larger 2 bedroom apartments and 6 x 1 bedroom apartments providing and ideal investment for the astute Renovator/ Investor with a bit of flair and imagination looking for a present day ONE OFF investment project with holding income or those looking to take advantage of the generous land holding and further explore and develop the opportunities that come with a property of this size and zoning.
This Circa 1960's Build block of flats is in a sought after quiet location on a large block and is just 200m from the Heart of Inglewood, ensuring that everything that Inglewood & Mount Lawley have to offer is right on your doorstep. 212 Eighth Avenue Inglewood is perfectly located so as to provide easy access to Public Transport, Beaufort Street social precinct, the Perth CBD, Edith Cowan University and local shopping & entertaining amenities.
The Current Owner has already done all the hard work and received WAPC approval, subject to certain conditions, to subdivide the land holding into 8 individual Strata Lots, with this approval valid until 2025 should you wish to take advantage of this option and redevelop.
**Please note that there is currently a mix of Fixed Term & Periodic Leases over the 10 units**.
Title Particulars:
Multi Lot Title
Lots 272, 273 & 274 on Plan 2877
Volume: 16 Folio: 100A
Lot Size - 2163sqm Approx
Zoned R30HPA - City of Stirling
Council Rates: $10,702 pa (FY 2022/23)
Water Rates: $9,000 pa approx (FY 2022/23)
For Further Details or to Arrange your Private Inspection please contact Agents:
Stuart Irving 0418 920 672
Brad Irving 0422 678 144
www.irvingandkeenan.com.au
Property History for 212 Eighth Ave, Inglewood, WA 6052
- 12 Apr 2023Listed for Sale UNDER OFFER
- 11 Sep 2020Listed for Rent $290 / week
- 23 Apr 2020Listed for Rent $250 / week
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0About Inglewood 6052
The size of Inglewood is approximately 2.9 square kilometres. It has 13 parks covering nearly 36.4% of total area. The population of Inglewood in 2011 was 5,501 people. By 2016 the population was 5,665 showing a population growth of 3.0% in the area during that time. The predominant age group in Inglewood is 30-39 years. Households in Inglewood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Inglewood work in a professional occupation. In 2011, 62.2% of the homes in Inglewood were owner-occupied compared with 62.9% in 2016.
Inglewood has 2,941 properties. Over the last 5 years, Houses in Inglewood have seen a 69.27% increase in median value, while Units have seen a 60.24% increase. As at 31 October 2024:
- The median value for Houses in Inglewood is $1,347,605 while the median value for Units is $517,907.
- Houses have a median rent of $800 while Units have a median rent of $550.
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