3 Glenelg PlaceConnolly WA 6027
Property Details for 3 Glenelg Pl, Connolly
3 Glenelg Pl, Connolly is a 0 bedroom, 0 bathroom Unit and was built in 1987. The property has a land size of 2052m2 and floor size of 416m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (July 2024)
Sterling Property is pleased to present 3 Glenelg Place, Connolly, For Sale via offers invited,This truly unique opportunity offers:- A prime elevated hilltop location, spanning an expansive 2,052 square meters.- A mix of 9 x short stay accommodation units ranging from 1 bedroom to 3 bedrooms suites.- Pre-approved development plans for an impressive four-story residential complex, featuring 27 thoughtfully designed apartments.- Versatile 'Mixed Use' zoning (R80) accommodating a wide range of possibilities, from medical facilities to retail or residential development.Nestled in an exclusive hilltop enclave, accessible via Country Club Boulevard, 3 Glenelg Place offers captivating vistas of Joondalup Country Club. With development approval already in place, envision a stunning four-story residential complex offering panoramic views.At present, the property features a meticulously maintained, secure, gated residential complex, comprised of nine units leased as short stay accommodation. The property produced a strong income position of $187,000 (NET) in the 2022/2023 financial year. The opportunity exists to continue this cash flow position through an external management company or manage in house and run a short stay accommodation business and increase the net of fees. ( Approx 20%)Adding to its appeal, the property enjoys a convenient location near the recently revitalized Connolly Shopping Centre and Joondalup Gate, both just minutes away.Furthermore, the surrounding area is poised for significant growth, courtesy of the forthcoming Ocean Reef Marina project. Anticipate the marina accommodating 750 boat berths, 12,000 square meters of retail spaces, bars, restaurants, cafes, hotels, tourism attractions, and various public amenities. Should you wish to explore this opportunity further please contact Exclusive Selling Agents Brian Neo 0411 868 486, Vincent Siciliano 0488 933 332 or Jorin Stamatiou 0450 199 130
Property History for 3 Glenelg Pl, Connolly, WA 6027
- 08 May 2024Listed for Sale Contact Agent
- 07 May 2024Sold for $2,425,000
- 13 Oct 2023Listed for Sale $2.65m
Recent sales nearby
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About Connolly 6027
The size of Connolly is approximately 2.9 square kilometres. There are 9 parks, covering nearly 45.2% of the total area. The population of Connolly in 2016 was 3641 people. By 2021 the population was 3675 showing a population growth of 0.9% in the area during that time. The predominant age group in Connolly is 50-59 years. Households in Connolly are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Connolly work in a professional occupation.In 2021, 85.70% of the homes in Connolly were owner-occupied compared with 84.20% in 2016.
Connolly has 1,567 properties. Over the last 5 years, Houses in Connolly have seen a 91.91% increase in median value, while Units have seen a 103.23% increase. As at 31 May 2026:
- The median value for Houses in Connolly is $1,306,942 while the median value for Units is $893,190.
- Houses have a median rent of $883 while Units have a median rent of $375.
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