247 Drake St, Morley is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1962. The property has a land size of 706m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in April 2024.
***Moments to the Bedford Border***Positioned within "Precinct 5" of the City of Bayswater's Morley Activity Centre is where you will find this unique corner site that approaches the Bedford Border. Located on the southern side of Morley, you will be footsteps to Morley Galleria, Morley Bus Station and a host of local parks, schools and so much more. This lucrative land position comes with R40/R60 "CENTRE" Zoning and will be ideal for those seeking an immediate development start (STCA) or a short-term rental investment with land banking back of mind. Be quick to secure this rare land opportunity ever so close to exceptional infrastructure and amenity. Specific Highlights of this Property Include:- Within 200 metres of the Bedford Border- 706 Sqm corner block, positioned opposite parkland with Drake Street access- Currently rented with the tenant happy to continue- Within the Morley Activity Centre key development zone- Property zoning is "CENTRE", R40/R60 Residential, Precinct 5- A mere 500 metres to Morley Bus Station and the ever popular 950 Bus Route- In absolute close proximity to a variety of public transport connections- Approximate 5 minutes-walk to Morley Galleria- Walking distance to a variety of public and private schooling options- Convenient access to a host of green spaces for pets and plenty of play
The size of Morley is approximately 10.4 square kilometres. There are 46 parks, covering nearly 8.8% of the total area. The population of Morley in 2016 was 21530 people. By 2021 the population was 22539 showing a population growth of 4.7% in the area during that time. The predominant age group in Morley is 30-39 years. Households in Morley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morley work in a professional occupation.In 2021, 69.20% of the homes in Morley were owner-occupied compared with 68.80% in 2016.
Morley has 11,627 properties. Over the last 5 years, Houses in Morley have seen a 99.23% increase in median value, while Units have seen a 114.80% increase. As at 31 May 2026:
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