Case Studies

123 Watkins Street, White Gum Valley, Western Australia

Three-level residential complex comprising of 12 individually strata titled units offering three 1-bedroom and nine 2-bedroom units with an allocated car bay each. Valid subdivision approval for 5 lots of 256sqm each of excess rear land. Proximity to major arterial routes of Carrington Street, Leach Highway and South Street.

Key attributes include:

  • 2,630sqm site area
  • Passing net income of $132,163pa
  • Three 1-bedroom units with undercover car bay
  • Nine 2-bedroom units with undercover car bay
  • Excess developable land of 1,280sqm to rear
  • Subdivision approval for 5 lots (256m² each)
  • Residential R20/25 zoning
Sales Analysis
Sale Price:$4,020,000
Sale Date:January 2024
Yield – Passing:3.28%
1-bed unitsThree
2-bed unitsNine
Price per unit$335,000
Land area2,630sqm
Land price/sqm$1,529/sqm
Vendor:Private
Purchaser:Local investors
Sales Process:Expression of Interest campaign
0
Up to Date

Latest Case Studies

  • Exclusive Coral Bay resort site for sale

    One of Western Australia’s most exclusive coastal tourism opportunities has come to market. A 2.79 hectare development site in Coral Bay is for sale, boasting never-occupied accommodation and significant future development. Located at 16 Robinson Street, the landholding occupies among the most elevated positions in Coral Bay, offering uninterrupted views over Bills Bay, where the … […]

    Read Full Study

  • Perth commercial property offers prime yield opportunities

    The Western Australian commercial property market continues to demonstrate superior resilience and growth potential compared to eastern state benchmarks, backed by steady economic performance, sustained population growth, and tight market conditions across major sectors. Speaking on the latest edition of RWC’s Between the Lines Live podcast, RWC WA Director of Capital Transactions Brett Wilkins and Ray White … […]

    Read Full Study