A quaint cottage with a large backyard. Retro living. Or a rare chance here to pick up a large site in a beautiful location in Morley city centre precinct with rezoning to R40 planned. Currently a duplex site. Will become triplex if and when the rezoning to R40 is completed. Experts in property investing suggest looking for properties that are likely to be rezoned to higher value uses. Look no further than 51 Vera Street.
810 m2 prime development site with very solid liveable and rentable 3 bedroom 1950’s built home in good condition and with large powered shed.
Ideal investment property to hold and rent out or live in while watching the next property growth cycle through the Morley City Centre precinct over the coming decade. Or start planning your development project now and be part of Morley’s growth.
Currently zoned R20/25. Development potential as per the Morley Activity Centre Structure Plan 2015, with proposed rezoning to R40 currently under consideration by the Western Australian Planning Commission. Buyers are encouraged to make their own inquiries about the proposed zoning and the development possibilities that follow.
Distance to:
Coventry Markets 350m
Galleria Shopping Centre 500m
Morley Bus Station 800m
Level rectangular site with 15.1m frontage and 53.7m depth.
Opportunity doesn’t knock twice. Viewings available on request at short notice.
Council rates $1,388.65
Water Rates $982.04
