SOLD
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Sold on 20 Nov 2024 for $875,000

87 Morley Drive E
Morley WA 6062

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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Property Details for 87 Morley Dr E, Morley

87 Morley Dr E, Morley is a 3 bedroom, 1 bathroom House. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Morley in the last 12 months.

Building Type
House
Local Government
Bayswater
Lot/Plan
357/P009862

Last Listing description (November 2024)

Are you waiting for the right location for investment or your next development project.

Don't wait any longer! Gopi Singh and Rash Dhanjal from Team Rash at The Agency present Prime Development Opportunity at 87 Morley Drive East, Morley - a rare find in a highly sought-after location. This expansive 902 square meter corner lot offers incredible potential to subdivide into three street-front dwellings, making it an ideal opportunity for investors and developers alike.

Whether you're looking to nest or invest, this property presents numerous possibilities for your next development project. The existing 3-bedroom, 2-bathroom home with a double garage can be comfortably lived in or rented out while you plan your new development.

Property Features:
- Land Size: 902 sqm
- Bedrooms: 3
- Bathrooms: 2
- Garage: Double

Location Highlights:
- Connectivity: Excellent access to major roads, located just off Tonkin Highway
- Proximity: Only a few minutes' drive to Perth Airport, the CBD, Morley Shopping Centre, and Coventry Village
- Education: Positioned at the front of the highly sought-after Hampton Senior High School
- Convenience: Just 2 minutes to local shops and IGA

Additional Features and Benefits:

- Development Potential: With its large land size and favorable zoning, this property is a developer's dream. The potential to subdivide into three street-front dwellings offers a lucrative investment opportunity. Imagine creating modern, high-demand housing in this prime location.

- Investment Appeal: The property's strategic location ensures strong rental demand. It's perfect for families, professionals, and anyone looking for easy access to amenities and top schools. The proximity to the airport and CBD also makes it attractive for frequent travelers and city workers.

Why 87 Morley Drive East?
- Spacious Lot: Huge 902 sqm corner lot with wide street frontage.
- Flexibility: Ideal for nesting or investing—live in it or rent it out initially.
- Livable Home: Features a comfortable 3-bedroom, 2-bathroom layout.
- Secure Parking: Double locked garage providing ample space and security for vehicles.
- Expansive Living Area: Enjoy a huge living area, perfect for family gatherings and
entertainment.
- Subdivision Potential: Potential to subdivide into three street-front dwellings.
- Convenient Transportation: Newly built train station nearby.
- Proximity to CBD: Just a few minutes' drive to the Central Business District.
- Easy Access to Airport: Short drive to the airport for convenient travel.
- Amenities Galore: Close to shopping centers, restaurants, schools, and parks.
- Popular Area: Highly sought-after neighborhood among locals.
- Educational Facilities: Near reputable schools and educational institutions.
- Family-Friendly: Safe and welcoming community environment.
- Recreational Options: Close to parks and recreational facilities for outdoor activities.

Don't miss out on this exceptional opportunity to secure a prime piece of real estate with significant development potential in a fantastic location. Whether you plan to develop, invest, or make it your home, 87 Morley Drive East is the perfect choice.

To schedule an inspection or for inquiries, please contact Gopi Singh at 0433 918 628, Rash Dhanjal at 0410 564 761, or email us.

Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Property History for 87 Morley Dr E, Morley, WA 6062

A timeline of how this property has performed in the market
Last Sold
$875,000
20 Nov 2024
  • 20 Nov 2024
    Sold for $875,000
  • 04 Jun 2024
    Listed for Sale High $800's
  • 20 May 2009
    Sold for $425,000
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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 11,489 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.
There are currently 52 properties listed for sale, and 16 properties listed for rent in Morley on OnTheHouse. According to CoreLogic's data, 442 properties were sold in the past 12 months in Morley.

Suburb Insights for Morley 6062

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Contact agent
Gopi Singh
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Rash Dhanjal
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The Agency Perth
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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.