352 Cambridge StreetWembley WA 6014
Property Details for 352 Cambridge St, Wembley
Last Listing description (July 2023)
A premium boutique development opportunity prominently located at the intersection of Cambridge Street and Simper Street adjoining the iconic Wembley Hotel and International food court in the heart of Wembley Town Centre. Wembley is an affluent inner western suburb situated approximately 5 kilometres west of Perth CBD and 5 kilometres from City Beach.The property is fully leased providing a reasonable holding income prior to redevelopment.Improvements:A brick and tile retail/commercial development comprising of 4 tenancies with a total building area of 677sqm. Site Details and Zoning:- Area 1,032sqm- "Local Centre" (Precinct 4 - Wembley) under Cambridge Local Planning Scheme No. 1- The property is DA approved for a 5 level mixed use development comprising 34 multi dwellings and 2 commercial tenanciesThe property presents as an outstanding opportunity to immediately realise the sites full potential or to hold and reposition at a future date.For further information or to arrange an inspection, please contact:Brett Wilkins Ray White Commercial (WA) 0478 611 168 brett.wilkins@raywhite.com Luke PavlosRay White Commercial (WA) 0420 823 823luke.pavlos@raywhite.com
Property History for 352 Cambridge St, Wembley, WA 6014
- 24 Aug 2023Sold for $2,675,000
- 11 Feb 2020Listed for Sale $3,250,000 (Going Concern)
- 27 Sep 2019Listed for Rent $300,000 / year
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About Wembley 6014
The size of Wembley is approximately 4.2 square kilometres. It has 13 parks covering nearly 25.0% of total area. The population of Wembley in 2016 was 11301 people. By 2021 the population was 12061 showing a population growth of 6.7% in the area during that time. The predominant age group in Wembley is 30-39 years. Households in Wembley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wembley work in a professional occupation.In 2021, 59.30% of the homes in Wembley were owner-occupied compared with 58.60% in 2016.
Wembley has 5,964 properties. Over the last 5 years, Houses in Wembley have seen a 87.48% increase in median value, while Units have seen a 108.01% increase. As at 31 December 2025:
- The median value for Houses in Wembley is $2,114,136 while the median value for Units is $546,386.
- Houses have a median rent of $1,000 while Units have a median rent of $550.
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