Triplex block in Westminster, WA

lundi 23 mars 2015

Hi all



Looking at selling our 810 sqm block zoned R40 in Westminister.



Potentially could develop 3 units on this site. Has existing 3x1 brick veneer 1960s house in a liveable, rentable condition.



Agent has appraised value at around $560 000. I know the market is slow at the moment, but does this sound too low? I am seeing similar sized blocks, albeit corner blocks, with asking prices of around $650,000+.



Thanks in advance.

Triplex block in Westminster, WA

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