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Deals and Don’ts – Wanneroo, Heathridge, Yokine

Wednesday, 31st May 2017

Deals

Wanneroo

Purchase price: $375,000
Purchase date: April 2017
Block size: 792sqm
Specification: 3 bedroom, 1 bathroom, house with double garage built in 1971 zoned R20/40

Deal: This property is a great buy because it’s located on a corner block with zoning of R20/40 meaning it has good development potential. Its location is also excellent being within 350m of Lake Joondalup and within 800m of the Wanneroo town centre. The streetscape is also highly desirable and it’s a short walk to Taywood Park.

Heathridge

Purchase price: $445,000
Purchase date: April 2017
Block size: 723sqm
Specification: 3 bedroom, 1 bathroom house with double garage built in 1977 zoned R20/40

Deal: The main feature of this property is its subdivision potential and the fact that it is opposite a neighbourhood park. It’s also close to amenity with Belridge City Shopping Centre just 300m away.

Yokine

Purchase price: $486,000
Purchase date: March 2017
Block size 353sqm
Specification: 3 bedroom, 2 bathroom house with enclosed double carport, built in 2002

Deal: The main features of this property are its proximity to the CBD, being just 7km away, and its relative affordability. It is in excellent condition making it easy to lease, and the fact that it is situated on a green title block means it has no common property with neighbours.

Don’ts

Spearwood

For sale price: $425,000
Block size: 721sqm
Specification: 3 bedroom, 1 bathroom, house

Don’t: This doesn’t represent a good investment because it backs onto the freight railway line and it is located in close proximity to the busy Rockingham Road. The condition of the house would also make it difficult to lease and the irregular block shape will put constraints on any future development potential.