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2. Property Highlights

Southern River - 4Ha Urban Deferred Land Holding
  • 4 Ha Landholding
  • Urban Deferred Zoning
  • On Perths Development Fringe

Sterling Property as Exclusive Agents are pleased to present for sale, Lot 11 Phoebe Street, Southern River.

The Opportunity,

Southern River is a popular suburb that has seen significant development and growth over the recent years. Lot 11, a 4Ha property is situated beside a number of active developments south of Southern River Rd. This Urban Deferred property provides an opportunity for the astute buyer to secure a large landholding within the suburb of Southern River.

Southern River

Southern River has proven itself to become a suburb of choice for many 2nd, 3rd or 4th homebuyers which is reflected in the median house price growing by 18% over the past 12 months to $755,000 and rental growth of 23% pa.

Key Features:

- 40,277 sqm (approx)

- MRS Zoning: Urban Deferred

- Tenure: Vacant Possession

- Zoning: General Rural

- No Structure Plan over site

- Outgoings $6,000 PA

- Residential lot yield of 62 lots (subject to planning approvals)

- Services to be provided to boundary via development which is under construction to east

Sales Process:

Lot 11, is For Sale with an asking price of $3,200,000 Inc GST.

For further information on this opportunity contact Sterling Properties Exclusive Agents Simon Brady and Vincent Siciliano.

Remember to mention you found this property on DevelopmentReady

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4. Property Location

11 Phoebe Street, Southern River, WA 6110

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5. Due Diligence

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11 Phoebe Street, Southern River, WA 6110 Southern River