This almost 25 acre on 3 separate titles is ripe for development. Zoned "URBAN", the possibilities for a developer are many. The Mundaring Shire has identified this land as a potential site for a retirement/aged care facility, however, an astute entrepreneur may find other uses. Possible R12.5 subdivision into 90 residential lots - worth checking with the local authority.
Holding income from 2 houses one is a 4x2 and the other a 3x1 potentially collecting $1,300.00 per week gross.
One feasibility has shown a potential profit of $5mil over 3 years.
Please call for more information.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.08 km | 4 | 2 | 170m2 | Year 2024 Month 12 Day 09 | $915,000 | Council approved | |
 | 0.19 km | 3 | 2 | 118m2 | Year 2024 Month 11 Day 17 | $840,000 | Council approved | |
 | 2.83 km | 0 | 0 | -m2 | Year 2024 Month 10 Day 06 | $430,000 | Council approved | |
 | 2.47 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 02 | - | Council approved | |
 | 0.40 km | 3 | 1 | 288m2 | Year 2024 Month 09 Day 13 | - | Council approved |