SOLD
Sold on 04 Apr 2024 for $1,030,000

544 Newcastle Street
West Perth WA 6005

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 123m2
Land area: 519m2
Sold By
Arlo Walker
Realmark Commercial
Brent Griffiths
Realmark Commercial
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Property Details for 544 Newcastle St, West Perth

Building Type
Commercial
Year Built
1910
Floor Size
123m2
Land Size
519m2
Local Government
Vincent
Lot/Plan
44/P002931

Last Listing description (July 2024)

U N D E R | O F F E R Attention all visionaries seeking a strategic investment or development venture, this is your chance to secure a prime landholding in West Perth. Positioned directly opposite the forthcoming specialty center, this property offers unparalleled potential in a rapidly revitalizing area rife with development.What we love:- Location: Nestled in a vibrant pocket of West Perth, poised for significant growth and rejuvenation.- Development Potential: Unlock the possibilities with this landmark property, originally built in 1910 as a residence and later converted to accommodate office use. With its prime location and diverse zoning, this property offers endless opportunities for redevelopment or refurbishment to suit a variety of purposes.- Adjacent Specialty Center: Situated directly opposite the brand-new specialty center, set to feature a dynamic mix of national and local tenants. Anchored by Bunnings, this center will offer a diverse array of amenities, including retail outlets, childcare facilities, medical services, allied health practitioners, multi-use office spaces, and an expansive 1,500 sqm* rooftop area, promising heightened foot traffic and increased visibility for your future endeavor.What to know:- Land Area: 519sqm* - Internal Area: 123sqm*- Configuration: 4 large rooms/offices, kitchen/dining, sun room, 1x bathroom, outdoor laundry- Holding Income Potential- Zoning: Zoned Mixed Use R160- Height Limit: 6-storey height limit- Parking: 5 Car Bays- No heritage restrictionsDon't Miss Out on this Opportunity!Seize the opportunity to become a part of West Perth's exciting resurgence. Whether you're an occupier, investor, or developer, this prime property presents a lucrative proposition not to be missed. Take the first step towards realising your vision and schedule a viewing today.For further information or to arrange an inspection, please contact the listed agents below. *Approximate

Property History for 544 Newcastle St, West Perth, WA 6005

A timeline of how this property has performed in the market
Last Sold
$1,030,000
04 Apr 2024
  • 04 Apr 2024
    Sold for $1,030,000
  • 16 Mar 2024
    Listed for Sale Contact Agent
  • 19 Dec 1997
    Sold for $240,000

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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2011 was 5,167 people. By 2016 the population was 5,618 showing a population growth of 8.7% in the area during that time. The predominant age group in West Perth is 20-29 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation. In 2011, 34.7% of the homes in West Perth were owner-occupied compared with 33% in 2016.

West Perth has 5,820 properties. Over the last 5 years, Houses in West Perth have seen a 33.35% increase in median value, while Units have seen a 40.62% increase. As at 31 January 2025:

  • The median value for Houses in West Perth is $1,016,458 while the median value for Units is $576,682.
  • Houses have a median rent of $630 while Units have a median rent of $675.
There are currently 76 properties listed for sale, and 30 properties listed for rent in West perth on OnTheHouse. According to CoreLogic's data, 370 properties were sold in the past 12 months in West perth.

Suburb Insights for West Perth 6005

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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.