41 Paramount Drive, Wangara, WA 6065 | Property Value & History | OnTheHouse
OFF MARKET

41 Paramount Drive
Wangara WA 6065

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1599m2
Land area: 4301m2
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Property Details for 41 Paramount Dr, Wangara

Building Type
Commercial
Year Built
1999
Floor Size
1599m2
Land Size
4301m2
Local Government
Wanneroo
Lot/Plan
216/P022161

Last Listing description (March 2026)

Raine and Horne Commercial are pleased to present 41 Paramount Drive, Wangara to the market for sale.Set on 4,301sqm, the property includes 1,906sqm of building, comprising office and expansive warehouse over two separate tenancies providing versatility for users.A unique opportunity to acquire with holding income and potential to occupy or further develop in future.The property has huge upside with potential for further development with previously approved additional warehouse (subject to relevant approvals).With two leases in-situ, the property is being sold going concern. Lease information available upon request.Potential for substantial rent upside based on current market rents in the immediate area.Well located just 600m to Ocean Reef Road and 2.5km to Wanneroo Road.Zoned "General Industrial" under the City of Wanneroo Local Planning SchemeApproximate tenancy areasTenancy 1 Warehouse: 375sqmOffice: 124sqmMezzanine: 126.8sqmTenancy 2 Warehouse: 1,100sqmMezzanine: 180sqmOther InformationPrevious approval for an additional 638sqm warehouse (approximately). This approval has now lapsed.Upgraded power supply Water boreThe property is being offered for sale by 'Offers to Purchase' with a guide of high $6,000,000's

Property History for 41 Paramount Dr, Wangara, WA 6065

A timeline of how this property has performed in the market
Last Sold
$1,500,000
21 Mar 2006
Listed for Rent
$1.72k/w
21 Apr 2021
  • 20 Feb 2026
    Listed for Sale For Sale: Offers to Purchase
  • 17 Dec 2020
    Listed for Rent $89,500 / year
  • 21 Mar 2006
    Sold for $1,500,000
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About Wangara 6065

The size of Wangara is approximately 5.6 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Wangara in 2016 was 39 people. By 2021 the population was 43 showing a population growth of 10.3% in the area during that time. The predominant age group in Wangara is 60-69 years. Households in Wangara are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wangara work in a labourer occupation.In 2021, 25.00% of the homes in Wangara were owner-occupied compared with 26.70% in 2016.

Wangara has 2,744 properties. Over the last 5 years, Houses in Wangara have seen a 110.86% increase in median value, while Units have seen a 148.33% increase. As at 28 February 2026:

  • The median value for Houses in Wangara is $1,106,423 while the median value for Units is $760,203.
There are currently 9 properties listed for sale, and 7 properties listed for rent in Wangara on OnTheHouse. According to Cotality's data, 105 properties were sold in the past 12 months in Wangara.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.