OFF MARKET

76 Penguin Road
Safety Bay WA 6169

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 140m2
Land area: 1012m2
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Property Details for 76 Penguin Rd, Safety Bay

Building Type
Land
Year Built
1940
Floor Size
140m2
Land Size
1012m2
Local Government
Rockingham
Lot/Plan
58/P005887

Last Listing description (January 2024)

Developer's dream, bathed in golden Western Australian sunshine, one street back from the shoreline and occupying a perfect 1012sqm rectangle with 20.1m frontage, this prime beachside allotment is zoned for multiple dwellings.R40 zoning and subject to council approval, the high-value site can accommodate up to eight, two bedroom units (see agent for plans).Stroll to Safety Bay Foreshore Reserve, supermarkets, retail offerings, cafes, well-serviced bus routes, Safety Bay Primary School plus moments from Safety Bay Senior High School and Rockingham Centre. In good working order, the current three-bedroom, one bathroom dwelling could be rented out quickly while you wait for approvals.Ripe for development and part of a rapidly expanding Safety Bay, the sky's the limit for this premium coastal opportunity.

Property History for 76 Penguin Rd, Safety Bay, WA 6169

A timeline of how this property has performed in the market
Last Sold
$725,000
26 Jul 2023
Listed for Rent
$275/w
21 Nov 2020
  • 26 Jul 2023
    Sold for $725,000
  • 08 Jun 2023
    Listed for Sale UNDER OFFER
  • 02 Nov 2020
    Listed for Rent - Price not available
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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 3,810 properties. Over the last 5 years, Houses in Safety Bay have seen a 103.88% increase in median value, while Units have seen a 109.69% increase. As at 30 November 2024:

  • The median value for Houses in Safety Bay is $774,400 while the median value for Units is $447,903.
  • Houses have a median rent of $570 while Units have a median rent of $493.
There are currently 23 properties listed for sale, and 6 properties listed for rent in Safety bay on OnTheHouse. According to CoreLogic's data, 184 properties were sold in the past 12 months in Safety bay.

Suburb Insights for Safety Bay 6169

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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.