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Epiphany Property is pleased to offer for sale the property at 377 Warwick Road, Greenwood.
The subject property is situated on the corner of a main and secondary road and is a prime site for re-development for duplex or triplex subject to design approval.
Due to the mapping of the infill area, this is the last property zoned as urban R20/40 on Warwick Road along the Allenswood Road precinct.
Key Considerations
• Land area – in total – 705 sqm quite level with a very gentle slope
• 1 x residential property originally zoned R20
• Good access for earth moving equipment, lot preparation and
building
• Owner occupied dwelling is in very poor condition
• Owner would be keen to remain onsite until planning permission is
approved
• Below ground, disused pool will need decommissioning prior to
works
• Two street frontage
• On several bus routes
• Located between two train stations direct to the CBD and Joondalup
• Demographic is an older suburb of “baby-boomers” needing
smaller dwellings/more manageable lots
• Current annual median price s $490,000: upper quartile $560,000
and lower quartile $457,500
• Lack of new infill homes affording local purchasers ability to remain
in their preferred suburb
• Greenwood Village local shops in the next block with Tavern and
shopping centre
• CBD is only 15 minutes by car via the Mitchell Freeway
• Warwick Stadium cinema complex at the end of the street
• Warwick Grove Shopping centre within walking distance
• Karrinyup Shopping Centre is within 10 kilometres away or 13
minutes by car
• 3 residential units can be built with approval
The agent can provide a full information memo to interested parties showing feasibility study by Strata Wise Homes. A comprehensive guide to the demolition, re-development and building costs involved are also available.
As mentioned, the owner would be interested in a rent-back/LONG SETTLEMENT until plans are approved for the new project.
If further plans are required then Murray 0459 360 874 can provide alternative options through Strata Wise, the BGC strata specialists.
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