15 Morrissey Street, Glen Iris, WA 6230

Prime Development Opportunity! 1174m² Zoned R15 – 2 Houses on one block - Separately metered!

Land Area: 1174m²

Zoning: R15 (Potential for development opportunities, subject to council approval)

Potential Earnings of up to $1,000 per week

House 1: Built in 1967

3 Bedrooms

1 Bathroom

Cozy and comfortable layout

Split system airconditioner

6m x 6m Powered Workshop

Currently leased till June 2025 at $270 per week with the potential to increase at the end of the tenancy to $500/week.

House 2: Built in the 2005

3 Bedrooms

2 Bathrooms

Spacious living areas

Extra storage in the carport

Split system airconditioner

Currently leased till February 2025 at $340 per week with the potential to increase at the end of the tenancy to $500/week.

Both homes are perfect for dual occupancy after June 2025 or rental income while you explore development options.

Excellent location with easy access to local amenities, schools, and public transport

Ideal for investors or developers looking for future potential

Ample land size with R15 zoning flexibility for development

This is a rare chance to secure a large block with existing residences and future growth potential. Don't miss out!

Feel free to let me know if you'd like to add any other details!

NB: Photos are the interior of the 3 x 2 dwelling at the back of the property.

Shire Rates $4,888.18 per annum $2,444.09 per dwelling

Water Rates: $2,563.06 Per annum $1,281.53 per dwelling