55A/55B Hastings StreetScarborough WA 6019
Property Details for 55a/55b Hastings St, Scarborough
55a/55b Hastings St, Scarborough is a 3 bedroom, 2 bathroom House with 6 parking spaces and was built in 1963. The property has a land size of 1348m2 and floor size of 122m2.
Last Listing description (November 2023)
The MONEY maker!! Potentially Build up to 7 houses with OCEAN VIEWS! 3 storey height allowance with 1348sqm
Superbly located in one of Scarborough's most sought after locations, this potential development site with 2 houses will appeal to many buyers with 1348sqm of land just one street back from West Coast Highway!
The property is walking distance to the recent $100 million-dollar redevelopment at Scarborough Beach, with its world class beaches, great cafes/restaurants, playgrounds and many other social amenities. Don't delay for this solid investment or ideal and unique development proposition.
Conveniently located within the Scarborough Redevelopment Area with street frontage of 20.1m The block is elevated at the rear with sensational ocean views
OPTION 1 - Develop into apartments.
OPTION 2 - Develop into 7 double or triple storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Keep the current tenants in the properties and collect the rent to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into the front house, rent out the rear house to help service the debt. Create equity with the capital growth.
House 1
This renovated lavish Mad Men-esque home brings a wholesome suburban comfort to the modernist design that you are sure to enjoy.
Features:
- Large deck Balcony with amazing inland views of the Indian Ocean
- 3 Spacious bedrooms with BIR
- 1 renovated Bathroom
- Fully renovated kitchen
- Open-plan living area
- Air conditioning
- Renting for $750pw on periodical
- Jarrah floorboards
- Large deck balcony with access to grassed area
- Large garage located underneath with storage and workshop areas
- Ocean Views from living areas and bedroom.
House 2
Features:
- Large outdoor area with Northern Light
- 2 bedrooms
- 1 bathroom
- 2 car garage
- Market Rental Return $650pw
- Rear Yard
- Boatshed $100pw
- Caravans market rental return $350pw
Be Quick! Opportunities like this don't come around often!
Scarborough Special Control Area - Outer Groves:
https://www.stirling.wa.gov.au/your-city/documents-and-publications/planning-and-building/urban-planning/scarborough-special-control-area-design-guidelines
Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller's Agent and are expressly excluded from any contract.
Property History for 55a/55b Hastings St, Scarborough, WA 6019
- 31 Oct 2023Listed for Sale Offers Presented!
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0About Scarborough 6019
The size of Scarborough is approximately 4.9 square kilometres. There are 17 parks, covering nearly 14.9% of the total area. The population of Scarborough in 2016 was 15467 people. By 2021 the population was 17605 showing a population growth of 13.8% in the area during that time. The predominant age group in Scarborough is 30-39 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation.In 2021, 58.40% of the homes in Scarborough were owner-occupied compared with 56.40% in 2016.
Scarborough has 11,251 properties. Over the last 5 years, Houses in Scarborough have seen a 77.91% increase in median value, while Units have seen a 69.65% increase. As at 31 August 2026:
- The median value for Houses in Scarborough is $1,504,242 while the median value for Units is $891,643.
- Houses have a median rent of $1,000 while Units have a median rent of $800.
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