8 Padbury TerraceMidland WA 6056
Property Details for 8 Padbury Tce, Midland
Last Listing description (May 2024)
RWC WA is pleased to present 8 Padbury Terrace, Midland for sale via expression of interest. The property will be sold with vacant possession allowing for repositioning of current improvements and/or redevelopment of part or the whole site making the most of the MRA planning guidelines.
The unencumbered 1,261sqm* Green Title lot would be ideal for a range of development opportunities with flexible zoning controlled by the MRA for both high-density and commercial use.
PROPERTY FEATURES AND HIGHLIGHTS
Regular shape allotment with 20m* frontage to Padbury Terrace
Predominantly flat and ready to develop
DEVELOPMENT AND PLANNING
Planning Authority: Development WA
Precinct: Victoria Street
Sub Precinct: Cale Street East
9-12 Story height potential (39m) however setbacks of 10m above podium level restrict development to a maximum of 3 to 4 storeys on this site
Permitted uses include (STCA) Office, Consulting Rooms, Business Services, Medical Centre, Residential, Child Care Premises and Club Premises
LOCATION
8 Padbury Terrace is centrally located within the established, regional centre suburb of Midland. The property is a short walk to a high level of amenities including Midland Station, Centrepoint Midland Shopping Centre and Midland Gate Shopping Centre. being tenanted by Woolworths, Coles, Big W, Kmart among many other essential businesses such as post offices, banks and bottle shops. The property is also in proximity to a major employment hub, most notable being; Landgate, St John of God Midland Public and Private Hospitals and the large shopping centres.
For further information or to arrange an inspection, please contact the Agents:
Tom Jones
RWC(WA
Mobile: 0478 771 117
Email: tom.jones@raywhite.com
Stephen Harrison
RWC WA
Mobile: 0421 622 777
Email: stephen.harrison@raywhite.com
*Approximately
Property History for 8 Padbury Tce, Midland, WA 6056
- 06 Feb 2024Sold for $900,000
- 10 Nov 2023Listed for Sale UNDER OFFER
- 12 Jan 2023Listed for Sale $949,000
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About Midland 6056
The size of Midland is approximately 4.4 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Midland in 2011 was 5,109 people. By 2016 the population was 5,974 showing a population growth of 16.9% in the area during that time. The predominant age group in Midland is 20-29 years. Households in Midland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midland work in a trades occupation. In 2011, 39.8% of the homes in Midland were owner-occupied compared with 37.7% in 2016.
Midland has 4,740 properties. Over the last 5 years, Houses in Midland have seen a 71.14% increase in median value, while Units have seen a 88.93% increase. As at 31 July 2024:
- The median value for Houses in Midland is $556,407 while the median value for Units is $418,897.
- Houses have a median rent of $500 while Units have a median rent of $500.
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