5 Luscombe St, Kewdale is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1983. The property has a land size of 854m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
It is a benefit for a property to have development potential, and then its another level when the shape of the block allows for more cost effect future development. Such is the case with this property due to its square shape, wide frontage and rear alignment each of 30.47 metres. The options available for future development of this property may be as grouped dwellings, as in side by side villas or townhouses, multiple dwellings, as in apartments, or three blocks of land each side by side and each with their own street frontage. All subject to council approval of course so please make your own investigations regarding these options prior to putting forward your offer proposal.
As for the home, it's a great solid structure built in the 1970's and currently rented at $420 per week which indicates it's a good home with plenty of important features necessary for attracting good tenants at a good rent return, making the other option of a long term sit and hold very attractive.
And the location makes this property a wise investment or development opportunity because it is only approximately 9 kilometres from the Perth City, close proximity to Orrong Rd taking you straight into the Perth City and the Belmont Forum Shopping Centre and Entertainment precinct are a stone's through away too.
Water Rates: $1181
Council Rates: $1564
The size of Kewdale is approximately 8.4 square kilometres. It has 14 parks covering nearly 4.9% of total area. The population of Kewdale in 2011 was 6,190 people. By 2016 the population was 6,896 showing a population growth of 11.4% in the area during that time. The predominant age group in Kewdale is 30-39 years. Households in Kewdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kewdale work in a trades occupation. In 2011, 64.7% of the homes in Kewdale were owner-occupied compared with 62.5% in 2016.
Kewdale has 4,240 properties.
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