SOLD
Sold on 03 Jun 2024 for $1,200,000

28 Laurence Road
Innaloo WA 6018

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 95m2
Land area: 749m2
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Property Details for 28 Laurence Rd, Innaloo

28 Laurence Rd, Innaloo is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1958. The property has a land size of 749m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Innaloo in the last 12 months.

Building Type
House
Year Built
1958
Floor Size
95m2
Land Size
749m2
Local Government
Stirling
Lot/Plan
59/D024519

Last Listing description (August 2024)

Jorden Peirce presents another development opportunitySuperbly located in one of Innaloo's most sought after street, this massive development property will appeal to many buyers with 749sqm of land!Only a short drive away to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Lake Gwelup Reserve, Westfield Innaloo, schools and public transport hubs. The demand to move into this appealing suburb will surely increase!In a R40 zoned with street frontage of 18.6m, this property shows potential opportunities to develop up to three homes. The block is slightly elevated with possible views of Perth CBD from a second level!OPTION 1 - Retain House and subdivide into 3 lots! Sell the resulting lots into high demand market.OPTION 2 - Clear the land and build 3 new housesOPTION 3 - Rent out the property and potentially collect up to $800p/w to help service the loan. Enjoy the good capital growth whilst servicing the debt.OPTION 5 - Buy the house and gain entry into this sought after suburb with large backyard.*Subdivision is subject to successful approval. A 3 lot development is possible.FEATURES OF EXISTING HOMES:- Large living area- Large backyard- 3 Bedrooms- Built in wardrobe- 1 Bathroom- Plenty of parking for boats or caravan- Large Double Garage with activities area- Level block perfect for developing- Whisper quiet street- NORTH rearBe Quick! Opportunities like this don't come around often!Call Jorden Peirce on 0416 300 431 and register your interest today!Missed out ? Follow me on Instagram for upcoming properties:https://www.instagram.com/capitalpropertymarketingwa/?img_index=1

Property History for 28 Laurence Rd, Innaloo, WA 6018

A timeline of how this property has performed in the market
Last Sold
$1,200,000
03 Jun 2024
  • 03 Jun 2024
    Sold for $1,200,000
  • 29 May 2024
    Listed for Sale Offers
  • 21 May 1984
    Sold for $40,500

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About Innaloo 6018

The size of Innaloo is approximately 3.2 square kilometres. It has 11 parks covering nearly 7.1% of total area. The population of Innaloo in 2011 was 7,647 people. By 2016 the population was 8,250 showing a population growth of 7.9% in the area during that time. The predominant age group in Innaloo is 30-39 years. Households in Innaloo are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Innaloo work in a professional occupation. In 2011, 57.3% of the homes in Innaloo were owner-occupied compared with 56.8% in 2016.

Innaloo has 5,926 properties. Over the last 5 years, Houses in Innaloo have seen a 73.64% increase in median value, while Units have seen a 99.42% increase. As at 31 August 2024:

  • The median value for Houses in Innaloo is $966,035 while the median value for Units is $769,822.
  • Houses have a median rent of $728 while Units have a median rent of $650.
There are currently 23 properties listed for sale, and 5 properties listed for rent in Innaloo on OnTheHouse. According to CoreLogic's data, 301 properties were sold in the past 12 months in Innaloo.

Suburb Insights for Innaloo 6018

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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.