OFF MARKET

Stevens Street
White Gum Valley WA 6162

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 45m2
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Last updated 11 Nov 2024
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Property Details for Lot 2 Stevens St, White Gum Valley

Lot 2 Stevens St, White Gum Valley is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1969. The property has a land size of 45m2 and floor size of 56m2.

Building Type
Unit
Year Built
1969
Floor Size
56m2
Land Size
45m2
Local Government
Fremantle

Last Listing description (March 2018)

'Baugruppen' at White Gum Valley, idyllically located opposite the Royal Fremantle Golf Course, offers a genuine alternative to home buyers keen on sustainable, energy efficient living at a price below market value.
Typically, buyers of apartments during the pre-sale process pay 10% of the purchase price and settle upon completion of the home anticipating the market value is commensurate with the initial pre-sale price. Baugruppen is different. It challenges buyers to abandon their predilection for paying market price which includes the developer's profit for their apartment home, encouraging them to join with other like-minded people to deliver bespoke housing at the actual cost of development.
The project is an initiative of Landcorp and The University of WA and delivers architecturally designed apartments in studio, one, two and three bedroom guise for the participants.

Essentially, traditional 'buyers' become 'participants', collectively forming the 'Baugruppe' a method used extensively throughout European cities to deliver more affordable, diverse housing opportunities. The WGV project uniquely provides participants unparalleled levels of support from industry experts who will lead the group throughout the design, planning and building process.
Participants effectively become the developer, delivering individual strata-titled homes at cost-price normally around 10-20 per cent less than comparable apartments sold in the open market. Participants end up individually owning their properties in the conventional manner.
Participants require 25-30 per cent of the cost price of their chosen apartment to take part in the project at a starting price from around $300,000.
Why pay the developers' profit when you can keep it yourself?
Contact Hayden Groves today to book your spot within the group for an initial payment of $3,500.
No speculators please as this is an initiative designed for owner-occupation. Please note that due to the unique nature of this project, Landcorp, UWA, dethridge GROVES or any other advisor are unable to accurately predict the final cost of the development until after the Baugruppe has been formed.

Property History for Lot 2 Stevens St, White Gum Valley, WA 6162

A timeline of how this property has performed in the market
  • 28 Nov 2017
    Listed for Sale From $300,000

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About White Gum Valley 6162

The size of White Gum Valley is approximately 1.2 square kilometres. It has 7 parks covering nearly 2.4% of total area. The population of White Gum Valley in 2011 was 2,734 people. By 2016 the population was 2,938 showing a population growth of 7.5% in the area during that time. The predominant age group in White Gum Valley is 40-49 years. Households in White Gum Valley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in White Gum Valley work in a professional occupation. In 2011, 61.1% of the homes in White Gum Valley were owner-occupied compared with 66.5% in 2016.

White Gum Valley has 1,561 properties. Over the last 5 years, Houses in White Gum Valley have seen a 80.89% increase in median value, while Units have seen a 64.55% increase. As at 31 October 2024:

  • The median value for Houses in White Gum Valley is $1,237,459 while the median value for Units is $612,614.
  • Houses have a median rent of $850 while Units have a median rent of $600.
There are currently 7 properties listed for sale, and 1 property listed for rent in White gum valley on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in White gum valley.

Suburb Insights for White Gum Valley 6162

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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.