SOLD
Sold on 29 May 2024 for $365,000

7/238 Walter Road W
Morley WA 6062

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 74m2
Land area: 72m2
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Property Details for 7/238 Walter Rd W, Morley

Building Type
Commercial
Year Built
1969
Floor Size
74m2
Land Size
72m2
Local Government
Bayswater
Lot/Plan
7/S021343

Last Listing description (January 2020)

FREEHOLD COMMERCIAL SHOP FOR SALE AT THE MORLEY MARKETS.

There is a lot happening in this center, where the fruit & vegetable shop used to be is now a beauty full brand new restaurant. There is also another restaurant in the same complex that is famous.


The shop that has just been listed for sale is set up as a hair unisex dresser. The reason is has closed is that it was under management without the Owner being there in the past 3 months the rent was not paid. Lets face it the situation today you really have to have the owner operating a business.

For anyone interested in buying the freehold you can operate any retail business as it is zoned retail.

The size of the shop is 72 SQM wide frontage and great exposure.

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Property History for 7/238 Walter Rd W, Morley, WA 6062

A timeline of how this property has performed in the market
Last Sold
$365,000
29 May 2024
  • 29 May 2024
    Sold for $365,000
  • 15 Apr 2019
    Listed for Sale $339,000
  • 27 Mar 2017
    Sold for $320,000
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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 11,483 properties. Over the last 5 years, Houses in Morley have seen a 72.62% increase in median value, while Units have seen a 75.95% increase. As at 31 July 2024:

  • The median value for Houses in Morley is $771,394 while the median value for Units is $533,189.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 44 properties listed for sale, and 7 properties listed for rent in Morley on OnTheHouse. According to CoreLogic's data, 443 properties were sold in the past 12 months in Morley.

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