$599K
$102,224
Confidence
High
High
$650,000
Medium
$620,000
Low
$590,000
Confidence
Medium
"Prime corner block with development potential in growing Whitby. Welcome to Lot 120 Keirnan Street, Whitby Take advantage of a rare opportunity with this substantial 5.2acre 21,100sqm corner lot, perfectly positioned in the peaceful Whitby area. Boasting over 270m of direct frontage along Evelyn Street and Keirnan Street, this expansive property offers a blend of lifestyle appeal and potential for future development. Whether youre dreaming of building your ideal rural retreat or eyeing the growth in the Mundijong District, this land could be the canvas for your vision. Services available to the block Western Power Water Corporation mains water runs down Evelyn Street Located just 45 minutes from Perth CBD, Whitby provides the best of both worldsa serene rural setting with easy access to the conveniences of Byford, just a short drive away. Major retailers such as Coles, Woolworths, and ALDI, along with medical services and educational institutions, are within reach, ensuring modern comforts are never far. The historic Whitby and Mundijong area, with its roots in Western Australias early timber industry, offers a unique backdrop for those seeking a more tranquil lifestyle, surrounded by natural beauty at the foot of the Darling Ranges. However, the potential doesnt stop at lifestyle alone with Urban Development zoning and an underlying R20R35 density code under the Mundijong District Structure Plan, future development opportunities abound subject to council and WAPC approval, and a Local Structure Plan being created by a Developer. Also available and adjoining Lot 120 Keirnan Street, is Lot 121 Eileen Avenue. For those seeking slightly larger acreage or looking to combine holdings, Lot 121 Eileen Ave offers an additional 5.5 acres 22,200sqm of land, strategically situated on the corner of Eileen Avenue and Evelyn Street. With over 280m of street frontage, this property also benefits from the same future development prospects and idyllic rural appeal as Lot 120 Keirnan Street. For those interested in expanding their footprint, these adjoining lots total over 11 acres, with more than 550m of street frontage across three roads. Secure one or both of these prized parcels and embrace the many possibilities this soughtafter Whitby location has to offer. Please make you own enquiries by contacting the Shire of Serpentine Jarrahdale Council for further information on zoning and potential uses of the block. You are always welcome to contact Shaun Hogarth if you would like further information regarding this property. The description provided is for general information purposes only. Acton Belle Property Rockingham Baldivis believes that this information is correct but it does not warrant or guarantee the accuracy of the information. Some photos may have been enhanced for your viewing pleasure. This property may differ from the photos upon inspection. Buyers are asked to undertake independent due diligence investigations and enquiries regarding the property, as no responsibility can be accepted by Acton Belle Property Rockingham Baldivis for any information that may be deemed incorrect."
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93%
-
-
$20,000
-$16,849
2.8%
1.9%
-16.5%
6.0%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$599,000
Estimated Purchase Price
$600,000
Stamp Duty
$22,515
Transfer Fee
$313
Conveyancing
$1,535
Deposit (10%)
$60,000
Reg. Mortgage
$203
LMI Premium
$17,108
Renovation Costs
-
Total Cash/Equity Required
$102,224
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$16,640
$23,684
Property Management
+8.2% PA
$1,364
$1,942
Rates
+3.0% PA
-
-
Water
+3.0% PA
$1,455
$1,898
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$11,571
$16,908
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$24,069
-$18,732
Depreciation
-
-
Tax Offset
-$7,221
-$5,620
Net Cashflow After Tax
-$16,849
-$13,113
Assumptions
Year 1
Year 10
Property Value
6.8%
$662,160
$1,197,028
Loan Balance
I.O
$540,000
$540,000
$122,160
$657,028
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2021 Population
Suburbs
Construction - 16.0%
Education and Training - 13.0%
Agriculture, Forestry and Fishing - 10.0%
Public Administration and Safety - 7.0%
Others - 54.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price