21 Russell StreetMorley WA 6062
Property Details for 21 Russell St, Morley
21 Russell St, Morley is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 915m2 and floor size of 190m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Morley in the last 12 months.
Last Listing description (May 2024)
Jointly presented by Mark Fernandes from Rightmark Property & Melvin Singh from Paradise Property Group
Opportunities like this are becoming increasingly rare.
Seize the chance to own a piece of prime real estate, boasting over 900m2 of land in the heart of Morley's most sought-after pocket.
Location, Location, Location:
- Within walking distance to Morley Galleria Shopping Centre and Coventry Village, indulge in the convenience of premier shopping, dining, and entertainment options.
-Within Walking distance to Morley Bus Station which has 12 bus stands and is served by approx. 20 Transperth Bus Routes
-Positioned within close proximity to the Morley Town Centre Precinct, poised for significant rejuvenation and development in the coming years, this property offers immense potential for growth and appreciation.
Versatile Investment:
-With an R40/R60 split zoning and no sewer easements, this property offers numerous possibilities for the astute buyer
-Explore the option of a knock down & subdivision into multiple new lots (Subject to relevant approvals)
-Alternatively consider the potential of retaining the existing dwelling and potentially subdividing the rear (Subject to relevant approvals)
-Best of all, capitalize on leasing out the existing dwelling & enjoying rental income whilst you secure your development approvals
-The development zoning adds significant value add potential and the perfect exit strategy option
-Take advantage of this massive opportunity to secure your future
Investor's Dream:
-4 bedroom properties in Morley are currently commanding rents of between $700 to $800 per week, making this an attractive prospect for investors seeking lucrative returns.
Comfortable Living:
-Solid brick and tile home featuring 4 bedrooms, 2 bathrooms and a large carport with drive through access from front of property to rear
-Carport could easily fit 3 cars parked in tandem
-Enjoy comfortable living with future-proofed bathroom features including grab rails to both the shower and toilet for added accessibility.
-Relax and entertain in style with a large undercover patio
-The front brick wall fence offers privacy whilst the driveway gate offers security.
-Spacious master bedroom with a walk-in robe, bay window, and connecting ensuite bathroom complete with a bathtub.
-The property also features a large kitchen with a walk-in pantry and dishwasher, open-plan living and dining areas, a fish pond with variety of fish and a shed
-Benefit from lower utility bills with the solar system
Don't Miss Out:
Whether you're looking to develop, invest, or occupy, this property presents a rare opportunity to secure a prime piece of real estate in one of Morley's most coveted locations.
Don't wait - contact us now to arrange a viewing and make this golden opportunity yours.
Mark Fernandes - 0402 214 111
Rightmark Property
1@rightmarkproperty.au
Melvin Singh - 0438 458 866
Paradise Property
melvin@paradisepropertygroup.com.au
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, neither the Agent nor the Seller guarantee their accuracy. The particulars of this advertisement are supplied for general information only and shall not be taken as representation in any respect on the part of the Seller or their Agent nor form part of any contract. Prospective clients should carry out their own independent due diligence to ensure the information provided is correct and meets their expectations prior to submitting any offer.
Property Code: 306
Property History for 21 Russell St, Morley, WA 6062
- 19 Apr 2024Sold for $985,000
- 11 Apr 2024Listed for Sale U/O - More properties needed
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About Morley 6062
The size of Morley is approximately 10.4 square kilometres. It has 46 parks covering nearly 8.8% of total area. The population of Morley in 2011 was 20,301 people. By 2016 the population was 21,519 showing a population growth of 6.0% in the area during that time. The predominant age group in Morley is 20-29 years. Households in Morley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morley work in a trades occupation. In 2011, 70.7% of the homes in Morley were owner-occupied compared with 68.8% in 2016.
Morley has 11,486 properties. Over the last 5 years, Houses in Morley have seen a 88.64% increase in median value, while Units have seen a 93.21% increase. As at 31 October 2024:
- The median value for Houses in Morley is $825,646 while the median value for Units is $582,056.
- Houses have a median rent of $680 while Units have a median rent of $645.
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