2 Fourth AvenueKensington WA 6151
Property Details for 2 Fourth Ave, Kensington
2 Fourth Ave, Kensington is a 0 bedroom, 0 bathroom House and was built in 1934. The property has a land size of 878m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (August 2015)
Conveniently located on the corner of Fourth Avenue & Banksia Terrace in Kensington, this property enjoys good accessibility via Canning Highway and sits only 4 km from the CBD.
Originally constructed in circa 1940, the building is approximately 135 sq m and is situated at the corner of the lot. Having undergone extensive refurbishment, the interior is finished to a high standard with modern amenities. Architectural features from a former era reinforce the warmth and character of this building, traits highly sought-after in the marketplace.
The premises are currently tenanted until May 2017, however, a sooner opportunity exists for a smart investor looking to develop the site further. With at least 250 sq m of land available to build on now, a suitable commercial development would generate a stable return into the future. Alternatively, the premises would suit an owner-occupier wishing to subsidise their construction or holding costs with a steady income on part of the premises.
*Zoned R15 - Local Commercial (City of South Perth)
*Currently tenanted until May 2017 with 3 year option thereafter
*Returning $35,770 per annum, with 4% revisions annually
*Refurbished throughout, high quality finishes and well landscaped
*Large & secure car park at rear with ample street parking also
Property History for 2 Fourth Ave, Kensington, WA 6151
- 25 May 2015Sold for $1,025,000
- 11 Feb 2015Listed for Sale $1,150,000 (GST Not Applicable)
- 31 Mar 2010Listed for Rent $30,000 / year
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0About Kensington 6151
The size of Kensington is approximately 2.5 square kilometres. There are 10 parks, covering nearly 13.3% of the total area. The population of Kensington in 2016 was 4525 people. By 2021 the population was 4627 showing a population growth of 2.2% in the area during that time. The predominant age group in Kensington is 10-19 years. Households in Kensington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 69.50% of the homes in Kensington were owner-occupied compared with 69.30% in 2016.
Kensington has 1,864 properties. Over the last 5 years, Houses in Kensington have seen a 80.30% increase in median value, while Units have seen a 90.25% increase. As at 30 April 2026:
- The median value for Houses in Kensington is $1,800,100 while the median value for Units is $923,882.
- Houses have a median rent of $800 while Units have a median rent of $698.
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