OFF MARKET

161 Penguin Road
Safety Bay WA 6169

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 81m2
Land area: 1000m2
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Last updated 27 Nov 2023
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Property Details for 161 Penguin Rd, Safety Bay

Building Type
Land
Year Built
1952
Floor Size
81m2
Land Size
1000m2
Local Government
Rockingham
Lot/Plan
134/P005897

Last Listing description (March 2022)

SOLDLocated just one street to the beach, 'The Shack' sits on a prime ONE THOUSAND SQUARE METRE block just a minutes walk to the oceanfront.So let's talk about the block first.Zoned R20, there is the potential to split the block into two lots and construct two substantial homes in one of the area's most sought after locations.Alternatively, you may like to establish your estate by the coast and construct your dream home with enough room for all the workshops, pools and parking your heart desires.With cafes, restaurants, boat ramps, world class wind and kite surfing all right on your doorstep, you'll enjoy a holiday lifestyle every day.Now to, 'The Shack'.OK, so it's probably not the kind of home you're going to move in with your family and two dogs!But...It's got two bedrooms, it's got a living area and it's got a bathroom, but it clearly needs some work (see video for interior shots) - a couple of handy fellas and a few weekends work and you could make it a comfy little weekender where you can come down and enjoy everything Safety Bay has to offer while you contemplate your development options.As a rental, you're going to need to spend some money and do some work to ensure the property is up to standard.Block Features:* 999.844m2 Block zoned R20* Potential to split into 2 blocks (subject to council approval)* 18.1m frontage x 55.2m side boundary * One house from the corner, one house from the beachfront* Sewer line entry point to the rear of block (no easement)* Small workshop/shedShack Features:* 2 bedrooms* 1 "bathroom"* Open plan living : )* Timber floors* Balcony/deck * Please note - the property is to be sold in 'as is' conditionDon't hesitate - this property represents excellent value for a substantial development site this close to the beach and is sure to attract plenty of interest.For more details please contact Sharon Davey on 0439 517 351.

Property History for 161 Penguin Rd, Safety Bay, WA 6169

A timeline of how this property has performed in the market
Last Sold
$600,000
23 Feb 2022
  • 23 Feb 2022
    Sold for $600,000
  • 11 Feb 2022
    Listed for Sale Offers from $599,000
  • 03 Jul 2013
    Sold for $500,000
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About Safety Bay 6169

The size of Safety Bay is approximately 4.7 square kilometres. It has 28 parks covering nearly 18.8% of total area. The population of Safety Bay in 2011 was 7,395 people. By 2016 the population was 7,414 showing a population growth of 0.3% in the area during that time. The predominant age group in Safety Bay is 50-59 years. Households in Safety Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Safety Bay work in a trades occupation. In 2011, 74% of the homes in Safety Bay were owner-occupied compared with 75.6% in 2016.

Safety Bay has 3,805 properties. Over the last 5 years, Houses in Safety Bay have seen a 103.80% increase in median value, while Units have seen a 113.21% increase. As at 31 October 2024:

  • The median value for Houses in Safety Bay is $766,359 while the median value for Units is $452,763.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 22 properties listed for sale, and 4 properties listed for rent in Safety bay on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Safety bay.

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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.