Strategically positioned on the northern entrance to Albany in a growing residential area rich with amenities, this vacant development block of 2.81ha represents a potentially lucrative opportunity for a shrewd investor.
The land, which slopes gently up from the road towards the rear, is mostly cleared with a few pockets of native bush remaining. This land has the potential to be be subdivided from 35 residential lots upwards, with current zoning being residential R30.
Completing site works and access roads, building retaining walls where necessary, and installing services would prepare the blocks for release to home builders recognising the myriad benefits of living conveniently close to amenities and only eight minutes' drive from the CBD.
The block shares a boundary with land occupied by Coles supermarket to one side and to bush on the other.
Apart from the proximity to Coles, the site is a short distance to a pharmacy, fuel and liquor supplies, parks, the high school and TAFE. The primary school is a few minutes' drive away.
To preserve the integrity of the subdivision while promoting diversity in housing design, buildings would be subject to the City of Albany's Neighbourhood Centres policy, so residents would be assured of a high aesthetic standard throughout the development.
This is a prime land holding with prospects for excellent profits in a growing market for well-located home sites.
What you need to know:
- 2.81ha vacant development block
- Potential to be be subdivided from 35 residential lots upwards
- Gently sloping, mostly cleared
- Close to amenities ? borders Coles supermarket, near schools, shops, pharmacy, fast food, TAFE, fuel, liquor supplies
- Eight minutes from CBD
- Mostly cleared and ready for site works, access roads, retaining walls and installation of services
- Potential for excellent profits
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.29 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 19 | $438,000 | Council approved | |
 | 0.34 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 10 | $500,000 | Council approved | |
 | 0.15 km | 5 | 2 | -m2 | Year 2024 Month 11 Day 03 | - | Council approved | |
 | 0.25 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 11 | - | Council approved | |
 | 0.06 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 02 | $470,000 | Council approved |