Add Value Property Hillarys Example

Here’s an example “Add-Value” property that I recently purchased for an investor client:

Hillarys 3×2 house with subdivision potential zoned R20/60, opposite a lush park

high growth property hillarys high growth property hillarys high growth property hillarys high growth property hillarys

Great value house in a superb location opposite a large park and brisk walk to major shopping centre. The high zoning of R20/60 allows for multiple development opportunities, however the client wanted to keep it simple and preferred to split the block into 2 street-front properties in the future.

Purchase price: $560,000

Appraised value: $620,000

Median house price of Hillarys: $820,000

Rent return: $430 per week (in current condition)

Land size: 683sqm

Distance to shops: 700m

Distance to St Marks College: 1km

Distance to the beach: 2.2km

Distance to Hillarys Boat Harbour: 4.5km

Distance from Perth CBD: 23km

This style of property would be more suited for investors wanting higher growth, with reasonable rent returns.

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