2 Meelah Way, Koongamia is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1959. The property has a land size of 900m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Fibro and iron is the classic 1950s cottage combo, and this cute home has all the retro vibes you'd expect. If you're a single or couple entering the property market, this could be a sweet starter home. But its real potential lies in development, if you're a savvy investor considering your options, you'd do well to snap up this block, demolish the house, and build some fresh, new homes to lease/sell.
Set on a big 900sqm corner block and zoned at R20/35, you've got plenty of space to work with should you choose to buy and build something incredible. In the meantime, the house is tenanted on a periodic lease and can potentially continue into next year, so you have plenty of time to make plans while not missing out on any income. With features such as Jarrah flooring, split system aircon, and lovely large windows, the house itself is welcoming and comfy.
The size of Koongamia is approximately 0.6 square kilometres. It has 6 parks covering nearly 19.5% of total area. The population of Koongamia in 2011 was 1,001 people. By 2016 the population was 978 showing a population decline of 2.3% in the area during that time. The predominant age group in Koongamia is 20-29 years. Households in Koongamia are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koongamia work in a trades occupation. In 2011, 63.6% of the homes in Koongamia were owner-occupied compared with 60.8% in 2016.
Koongamia has 484 properties. Over the last 5 years, Houses in Koongamia have seen a 106.66% increase in median value. As at 31 July 2024:
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