OFF MARKET

245 Vincent Street
Leederville WA 6007

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 406m2
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Property Details for 245 Vincent St, Leederville

245 Vincent St, Leederville is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1903. The property has a land size of 406m2 and floor size of 84m2.

Building Type
House
Year Built
1903
Floor Size
84m2
Land Size
406m2
Local Government
Vincent
Lot/Plan
245/P025293

Last Listing description (May 2018)

PROPERTY OPEN FOR INSPECTION ON SATURDAY 14th APRIL 2018.
Please register your interest with Meluka Bancroft, City of Vincent, ph. 9273 6000, to arrange a time.
The City of Vincent is considering the future use and ownership of 245 Vincent Street, Leederville and is now inviting Expressions of Interest for the purchase or lease of the property. It is your responsibility to ensure that the proposed future use is in accordance with City of Vincent zoning and planning requirements including the City's heritage local planning policies. The Expression of Interest document is available at: www.vincent.wa.gov.au/EOI245Vincent

Submissions Close 4pm Friday 20th April 2018
Property Details
Address: 245 Vincent Street, Leederville
Certificate of Title: Lot 245 on Deposited Plan 25293, Certificate of Title Volume 2723 Folio 520
Status: Freehold and unencumbered
Zoning/Land Use:'Urban' under the Metropolitan Region Scheme
'Residential R80' under the City's Town Planning Scheme No. 1
'Regional Centre' under the City's draft Town Planning Scheme No. 2 - development governed by Leederville Masterplan Built Form Guidelines
Heritage: City's Municipal Heritage Inventory as Management Category A - Conservation Essential
Development would need to be assessed against the City's heritage local planning policies
Area / Building Land area is 405m2, comprises a weatherboard and corrugated iron roofed house constructed in 1914/15
The City's Municipal Heritage Inventory includes the following information:
'The weatherboard house at No 245 Vincent Street is a fine and notable example of a Late Colonial Cottage style, which has associations with the Bourne family, early residents of Leederville, who owned and occupied the place from 1915 to 1973.nSite Restrictions
The Land is zoned 'Urban' under the provisions of the Metropolitan Region Scheme and 'residential R80' under the City of Vincent Town Planning Scheme No. 1. Pursuant to the proposed City of Vincent Town Planning Scheme No. 2 the zoning would be 'Regional Centre' and any development would be governed by the Leederville Masterplan Built Form Guidelines. However, due to the heritage nature of the Cottage any development would need to be assessed against the City's heritage local planning policies.
Further information relating to the heritage requirements are available from the City's Heritage website: http://vincentheritage.com.au/, or at the State Heritage website: http://stateheritage.wa.gov.au/state-heritage-register/owners-tenants-managers
Property Condition
The Property is in good condition and comprises four square rooms, three of which were originally bedrooms/living room but have also been used as offices and counselling/meeting rooms. The other main room is the kitchen, which was converted to a residential kitchen in December 2017, including an oven, cooktop, range hood and pantry. There is also a bathroom, laundry and storage area at the rear of the building. The Property was painted externally and decking oiled in late 2017.
The City provides no warranty in respect to the suitability of the Property for any purpose and applicants are advised to undertake their own investigations to determine suitability to meet particular needs.
Property Use
The property was purchased by the City of Perth in 1973 and was tenanted until 1999. The City subsequently undertook a major restoration project of the Property in collaboration with the Central Metropolitan College of TAFE ('live work project'). Following the restoration in 2003 the Property was leased by a community group and used as an office / counselling centre. The community group vacated the Property in August 2017, and in January 2018 the City secured a residential tenant for a one year term. The residential lease will expire on 12 January 2019.

Property History for 245 Vincent St, Leederville, WA 6007

A timeline of how this property has performed in the market
Listed for Rent
17 Apr 2018
  • 17 Mar 2018
    Listed for Sale EXPRESSIONS OF INTEREST
  • 17 Mar 2018
    Listed for Rent $400 / week
  • 20 Nov 2017
    Listed for Rent - Price not available

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About Leederville 6007

The size of Leederville is approximately 1.5 square kilometres. It has 5 parks covering nearly 23.1% of total area. The population of Leederville in 2011 was 2,944 people. By 2016 the population was 3,146 showing a population growth of 6.9% in the area during that time. The predominant age group in Leederville is 30-39 years. Households in Leederville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Leederville work in a professional occupation. In 2011, 52.8% of the homes in Leederville were owner-occupied compared with 50.7% in 2016.

Leederville has 2,380 properties. Over the last 5 years, Houses in Leederville have seen a 74.66% increase in median value, while Units have seen a 67.83% increase. As at 31 October 2024:

  • The median value for Houses in Leederville is $1,498,317 while the median value for Units is $696,493.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 36 properties listed for sale, and 15 properties listed for rent in Leederville on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Leederville.

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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.