174 Morrison RoadMidvale WA 6056
Property Details for 174 Morrison Rd, Midvale
174 Morrison Rd, Midvale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1962. The property has a land size of 845m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in November 2017.
Last Listing description (December 2017)
A rare opportunity has presented itself to the open market which will see the next lucky owner receiving a superb return on their investment. Both neighbouring lots 174 and 176 are up for grabs, individually or conjoined. The new residential zoning, R40, brings an outstanding development opportunity.
This older style fibro property currently has a fixed term tenancy agreement in place, paying $360 per week. Which will yield approximately a 4.6% return until January 2018.
Midvale is expanding rapidly and undoubtedly increasing in popularity. The new zoning will see lots of new residential and commercial development taking place which will hopefully see an appreciation of property prices.
If you take full advantage of these sites together you will be able to build seven units (STCA).
These level and rectangular blocks are approximately 847sqm each totalling 1,692sqm together. Also featuring a combined frontage of 36.8 linear meters. Giving equal independent frontages of 18.4 meters.
With future sale value in mind the location is prime. Being close to Schools, a number of Parks, Public Transport, An Aquatic and Recreational Centre. Along with Midland Gate just 2km's away and a proposed local shopping hub featuring a well-known large retail chain.
Positioned excellently near some main arterial routs which should make any commute a breeze. This could prove to be a very profitable development indeed.
Property Features Include:
andbull;Three bedrooms
andbull;One bathroom
andbull;Open plan living areas
andbull;Kitchen
andbull;Split system air-conditioning
andbull;Approximately 847sqm each
andbull;Residential Zoning R40
andbull;Gated carport
If you require any further information please call Luke today on 0402 352 298.
*Information Disclaimer: This document has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate, but clients must make their own independent enquiries and must rely on their own personal judgment about the information included in this document. De Freitas and Ryan provides this document without any express or implied warranty as to its accuracy or currency. Any reliance placed upon this document is at the client's own risk. De Freitas and Ryan accepts no responsibility for the results of any actions taken, or reliance placed upon this document by a client.
Property History for 174 Morrison Rd, Midvale, WA 6056
- 25 Nov 2017Sold for $320,000
- 14 Mar 2017Listed for Sale $335,000
- 01 Jul 2006Sold for $220,000
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About Midvale 6056
The size of Midvale is approximately 3.2 square kilometres. It has 4 parks covering nearly 12.9% of total area. The population of Midvale in 2011 was 1,517 people. By 2016 the population was 1,502 showing a population decline of 1.0% in the area during that time. The predominant age group in Midvale is 20-29 years. Households in Midvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Midvale work in a labourer occupation. In 2011, 48.9% of the homes in Midvale were owner-occupied compared with 50.5% in 2016.
Midvale has 2,209 properties. Over the last 5 years, Houses in Midvale have seen a 123.33% increase in median value, while Units have seen a 85.02% increase. As at 31 October 2024:
- The median value for Houses in Midvale is $624,107 while the median value for Units is $469,640.
- Houses have a median rent of $620 while Units have a median rent of $345.
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