224 High Road
Riverton, WA 6148

Overview

224 High Road, Riverton

This property at 224 High Road, Riverton presents an exceptional opportunity for investors, developers, and builders, featuring significant development potential with triplex possibilities. Situated on a Green Title block of approximately 811 square meters, the land is zoned R40 and boasts a generous frontage of 28.20 meters. The lot is relatively flat, enhancing its suitability for development, with sewer access conveniently located at the rear corner.

The existing structure offers a dual-occupancy configuration under one roof, comprising two separate dwellings. The main dwelling includes three bedrooms and one bathroom, while the second is a fully self-contained unit with two bedrooms and one bathroom. Both dwellings can be leased independently, providing a combined estimated rental income of around $1,250 per week, offering immediate cash flow while planning future subdivision or development.

Positioned within the highly sought-after catchment areas of Rossmoyne Senior High School and Riverton Primary School, this property is ideal for families and investors alike. The location benefits from proximity to various amenities including Queen of Apostles Primary School, Orana Catholic Primary School, IGA, Riverton Forum, Southlands Shopping Centre, Riverton Leisureplex and Library, Shelldrake Park, Riverton Reserve, Parklands Park, and Curtin University.

Key features of the property include:

• 811 square meter R40 zoned block with subdivision potential
• Dual occupancy offering multiple income streams
• Two separate carports plus additional parking spaces
• Renovated kitchen with a north-facing outlook in the main dwelling
• Dishwasher included in the main dwelling
• Air conditioning units installed in both dwellings
• Hybrid timber-look flooring throughout
• Solar hot water system
• Established fruit trees including orange, mango, olive, and macadamia
• Modern switchboard with digital power meter
• Grassed front and rear yards providing outdoor space
• Patio and alfresco entertaining area
• Additional shed for storage

Additional information includes approximate annual council rates of $2,425 and water rates of $1,310. The property was built in 1969 and is being sold as is, where is. Prospective buyers should note that all references to development and subdivision potential are subject to approvals from the Western Australian Planning Commission and local government authorities. Buyers are advised to conduct their own due diligence.

This property offers a unique blend of immediate rental income and future development potential in a prime location, making it a compelling investment or project site.

Location