SOLD
RECENT ADVICE
Sold on 21 Nov 2024 for $2,000,000

483 Balfour Street
Southern River WA 6110

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3373m2
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Realmark Commercial
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Property Details for 483 Balfour St, Southern River

Building Type
Land
Land Size
3373m2
Local Government
Gosnells
Lot/Plan
56/P413866

Last Listing description (November 2024)

Realmark Commercial are pleased to present 483 Balfour Street, Southern River For Sale. Offers closing 4pm AWST on Wednesday 27 November 2024, if not sold prior.This high profile site is strategically located on busy Ranford Road. Surrounded by major tenants make it an ideal opportunity for developers and investors looking to capitalise on a vibrant commercial/retail hub.Key highlights include:- Prominent land holding of 3,373 sqm*- Two road frontage - Development approval for fast food restaurant, carwash & laundromatThis site is perfectly positioned alongside the 7/11 Mobile Fuel Station Site ( Separate Property ) with high visibility and exposure and estimated movements of over 22,000* weekly passing the site.The two road access and the already constructed cross easement driveway is an added benefit to the site for ease of access.Please contact the exclusive selling agent for further information.Offers closing 4pm AWST on Wednesday 27 November 2024, if not sold prior. THIS PROPERTY IS NOW UNDER CONTRACT *Approximately

Property History for 483 Balfour St, Southern River, WA 6110

A timeline of how this property has performed in the market
Last Sold
$2,000,000
21 Nov 2024
  • 21 Nov 2024
    Sold for $2,000,000
  • 07 Nov 2024
    Listed for Sale Price on Application

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About Southern River 6110

The size of Southern River is approximately 14 square kilometres. It has 24 parks covering nearly 10.4% of total area. The population of Southern River in 2011 was 5,984 people. By 2016 the population was 10,348 showing a population growth of 72.9% in the area during that time. The predominant age group in Southern River is 30-39 years. Households in Southern River are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southern River work in a professional occupation. In 2011, 84.3% of the homes in Southern River were owner-occupied compared with 82.3% in 2016.

Southern River has 6,405 properties. Over the last 5 years, Houses in Southern River have seen a 86.33% increase in median value, while Units have seen a 102.54% increase. As at 30 November 2024:

  • The median value for Houses in Southern River is $855,798 while the median value for Units is $607,105.
  • Houses have a median rent of $730 while Units have a median rent of $590.
There are currently 54 properties listed for sale, and 11 properties listed for rent in Southern river on OnTheHouse. According to CoreLogic's data, 333 properties were sold in the past 12 months in Southern river.

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