OFF MARKET

2 Falls Road
Serpentine WA 6125

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2445m2
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Property Details for 2 Falls Rd, Serpentine

Building Type
Land
Land Size
2445m2
Local Government
Serpentine-Jarrahdale
Lot/Plan
812/P402049

Last Listing description (May 2022)

LJ Hooker Commercial Perth as Exclusive agents are pleased to introduce for Sale or Lease the property at 2 Falls Road, Serpentine by offers invited, closing Thursday 30th September 2021 at 2pm AWST.Situated on the prominent corner of South West Highway and Falls road, the property is currently utilised as a Road House/Cafe, however is being offered with vacant possession from 15th October 2021.Buyers are presented with a significant 2,445sqm corner site to either owner-occupy, refurbish or redevelop, whilst the current owners will also consider leasing the property to an experienced operator.Property Highlights: - Adjoining Serpentine Falls Holiday Park/Over 45 Lifestyle Village- Outstanding exposure to Southwestern Highway and Karnup Road- Purchase includes 3 underground tanks- Existing fit-out providing turn-key solution for prospective Roadhouse tenants- Strong value-add potential via upgrading existing improvements- 2-minute drive to local Primary School, Medical Centre & General Store- Additional Exposure to Falls Road on route to major tourist attraction Serpentine FallsOutgoings: Shire Rates $8,500Land Tax $500Water rates $913Insurances $5,500All enquiries should be directed to the Exclusive Selling and Leasing agent Jake Wallman.

Property History for 2 Falls Rd, Serpentine, WA 6125

A timeline of how this property has performed in the market
Last Sold
$765,000
30 Sep 2021
Listed for Rent
$1.25k/w
20 May 2022
  • 30 Sep 2021
    Sold for $765,000
  • 10 Sep 2021
    Listed for Rent - Price not available
  • 10 Sep 2021
    Listed for Rent - Price not available
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About Serpentine 6125

The size of Serpentine is approximately 104.8 square kilometres. It has 13 parks covering nearly 45% of total area. The population of Serpentine in 2011 was 2,024 people. By 2016 the population was 2,305 showing a population growth of 13.9% in the area during that time. The predominant age group in Serpentine is 50-59 years. Households in Serpentine are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Serpentine work in a trades occupation. In 2011, 83.9% of the homes in Serpentine were owner-occupied compared with 86.8% in 2016.

Serpentine has 1,179 properties. Over the last 5 years, Houses in Serpentine have seen a 77.86% increase in median value, while Units have seen a 48.69% increase. As at 31 August 2024:

  • The median value for Houses in Serpentine is $1,070,437 while the median value for Units is $179,028.
  • Houses have a median rent of $475.
There are currently 16 properties listed for sale, and no properties listed for rent in Serpentine on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Serpentine.

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