SOLD
Sold on 01 Aug 2024 for $2,007,500

8 Ferres Drive
Martin WA 6110

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5405m2
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Property Details for 8 Ferres Dr, Martin

Building Type
Land
Land Size
5405m2
Local Government
Gosnells
Lot/Plan
92/P404016

Last Listing description (February 2020)

JOIN 7 ELEVEN and NATIONAL STORAGE AND MORE MAJOR NAMESThis is a genuine opportunity to purchase a unique land and capitalise on the strong visual exposure to Tonkin Highway, high traffic volumes that are growing, limited service retailing available along Tonkin Highway and in a residential growth area. One of 9 unique blocks located in the suburb of Martin, Western Australia approximately 18 km south east of the Perth Central Business District.Titles have been issued.Key features:- Massive direct Tonkin Highway frontage and close to Albany Highway- Substantial traffic flow, forecast to increase significantly- Close proximity to established residential development- Only Tonkin Highway site available for Commercial- Multiple road frontagesLocation:The Ferres Drive Precinct will capture trade from a large area well beyond the local residential market and include the significant traffic volumes along Tonkin Highway. This location is very conducive to highway/service retailing - max of 397m2 Retail permitted, liquor store (min 1000m2), showroom, warehousing etc with many other uses possible.Tonkin Highway represents a significant link for freight and industry workers including FIFO as well as travellers from the south-eastern growth areas of Perth to inner suburban Perth. The site is afforded reasonably unconstrained access to the Tonkin Highway, with connections to both Perth Airport and southern regions of Western Australia.Zoning: The property is located within the municipality of the City Of Gosnells and is currently zoned Highway Commercial. Buyers should clarify and satisfy themselves as to any zoning matters with the City of Gosnells or Western Australian Planning Commission. Services:Power, telephone and water and sewer connected to the lot.This all equates to a great commercial development opportunity.

Property History for 8 Ferres Dr, Martin, WA 6110

A timeline of how this property has performed in the market
Last Sold
$2,007,500
01 Aug 2024
  • 01 Aug 2024
    Sold for $2,007,500
  • 12 Oct 2016
    Listed for Sale $2,100,000 + GST

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About Martin 6110

The size of Martin is approximately 28.4 square kilometres. It has 13 parks covering nearly 56.2% of total area. The population of Martin in 2011 was 1,165 people. By 2016 the population was 1,526 showing a population growth of 31.0% in the area during that time. The predominant age group in Martin is 50-59 years. Households in Martin are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Martin work in a trades occupation. In 2011, 85.5% of the homes in Martin were owner-occupied compared with 76.3% in 2016.

Martin has 898 properties. Over the last 5 years, Houses in Martin have seen a 119.20% increase in median value, while Units have seen a 156.33% increase. As at 31 October 2024:

  • The median value for Houses in Martin is $760,427 while the median value for Units is $612,323.
  • Houses have a median rent of $650.
There are currently 12 properties listed for sale, and 1 property listed for rent in Martin on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Martin.

Suburb Insights for Martin 6110

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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.