8 Nockolds Street, Walpole, WA 6398 | Studio for sale | OnTheHouse
 
FOR SALE
$695,000 +GST

8 Nockolds Street
Walpole WA 6398

Bedrooms: -
Bathrooms: 3
Car spaces: -
Land area: 1434m2
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ELITE MULTI-TIER ASSET IN THE HEART OF TOWN – 1,434sqm R30 Allotment with Secure Income & Vacant Possession

Address: 8 Nockolds Street, Walpole, WA 6398
Price: $695,000 + GST
Land Size: 1,434 square metres
Zoning: R30 (Strategic Retail / Residential)
A Rare Commercial Footprint with Strong Rental Return & Immediate Potential
Positioned perfectly in the beating heart of the Walpole township, this expansive 1,434 m² landmark property represents a rare and incredibly versatile investment opportunity. Benefiting from premium R30 Retail/Residential zoning and the immense logistical advantage of full dual-road frontage, this multi-tier complex balances immediate cash flow with pristine vacant commercial and residential areas ready for immediate use, leasing, or conversion.
Clear Breakdown of Tenancies & Infrastructure:
• The Restaurant & Boutique Shop (Left & Middle Sections) – Securely Leased to a Single Tenant: A premier setup consisting of a flagship hospitality space with an expansive timber deck and an adjoining mid-complex arcade shop. Both of these commercial spaces are leased together by the same single operator under a brand-new, secure 5 + 5 year lease, generating a highly dependable secure income.
• The Gallery & Connected Accommodation (Right-Hand Side) – Vacant Possession: A beautifully appointed, street-facing commercial gallery space featuring north-facing views and original character wood floors. This connects directly to a self-contained residential accommodation. Offered completely vacant, it is perfect for an owner-occupier, a fresh retail tenant, or instant conversion into high-demand short-term holiday accommodation (STCA), subject to Council approval.
• The Rear Sheds (Facing the Second Road) – Leased: A large workshop and storage shed area situated at the rear of the allotment, benefiting from its own independent street access. This area is currently under a small lease to the local Walpole community op shop.
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Property Details for 8 Nockolds St, Walpole

8 Nockolds St, Walpole is a bedroom, 3 bathroom Studio. The property has a land size of 1434m2. The place is currently for sale with Burton Realty.

Building Type
Studio
Land Size
1434m2
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About Walpole 6398

The size of Walpole is approximately 56.3 square kilometres. There are 9 parks, covering nearly 51.4% of the total area. The population of Walpole in 2016 was 439 people. By 2021 the population was 429 showing a population decline of 2.3% in the area during that time. The predominant age group in Walpole is 60-69 years. Households in Walpole are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Walpole work in a managers occupation.In 2021, 73.40% of the homes in Walpole were owner-occupied compared with 70.30% in 2016.

Walpole has 662 properties. Over the last 5 years, Houses in Walpole have seen a 69.95% increase in median value, while Units have seen a -22.50% decrease. As at 30 September 2026:

  • The median value for Houses in Walpole is $629,382 while the median value for Units is $107,658.
There are currently 19 properties listed for sale, and no properties listed for rent in Walpole on OnTheHouse. According to Cotality's data, 23 properties were sold in the past 12 months in Walpole.

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Jamie Dunross
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