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254 Drake Street, Morley$1.20m
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254 Drake Street

Morley, WA 6062, Australia
$1.20m
3 bed 1 bath 4 car728 m²

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About this property

Opportunity comes in many forms - and this one delivers them all. Sitting proudly on a generous R40/60-zoned block, this solid 3 bedroom 1 bathroom home is as versatile as they come. Retain and rent it while exploring subdivision potential at the rear, redevelop the site into something spectacular (subject to relevant council and Western Australian Planning Commission approvals) or simply landbank for the future. With great bones, absolutely anything is possible here. The front yard and driveway are securely gated for peace of mind, whilst a spacious front living room behind the privacy of sliding doors is graced by feature character ceilings and split-system air-conditioning. The adjacent open-plan dining and kitchen area comprises of a skylight for natural illumination, double sinks, a double-door storage pantry, an electric hotplate and a separate electric oven/grill. Doubling personal living options is a huge rear family room with low-maintenance timber-look flooring and its own split-system air-conditioner, for climate control. The laundry is separate, as is a contemporary bathroom with a powder vanity and shower. Externally, a single-width lock-up carport provides two tandem parking spaces - as well as drive-through access to an enormous backyard with a giant workshop shed, boasting two separate roller doors. There is even more room for parking between the carport and workshop, whilst the verdant back lawn is pleasantly overlooked by a delightful outdoor patio-entertaining area. Occupying a fantastic pocket of Morley and within arm's reach of neighbouring Bedford and Dianella, this promising property is positioned to absolute perfection. A host of lush local parklands can be found right around the corner, with early-learning and fitness facilities, restaurants, several schools, the Galleria Bus Station, the soon-to-be-redeveloped Galleria Shopping Centre and even the markets at Coventry Village all only walking distance away too, for good measure. Effortless access to golf courses, the buzzing Beaufort Street food and coffee precinct, major arterial roads, the city and the new Morley Train Station should not be underestimated, either. Convenience aside, this is the kind of offering that rewards both vision and patience. Contact Nigel Ross today to find out more, today! Features include, but are not limited to: • Gated front driveway and yard • Portico entrance • Solid wooden floorboards • Connecting living and dining/kitchen areas • Electric cooking appliances • Massive rear family room • Outdoor patio entertaining • Separate bathroom • Separate laundry • Split-system air-conditioning • Security cameras • Security doors and roller shutters • Feature ceiling cornices • Timber skirting boards • Solar hot-water system • Established lawns and gardens • Single-width tandem lock-up carport - with space to park two vehicles under cover • Drive-through access to a huge rear lock-up workshop shed - and expansive backyard-lawn area • Side-access gate linking the front and rear gardens • Spacious 728sqm (approx.) block • R40/60 zoning - and subsequent development/subdivision/retain-and-build potential • Built in 1969 (approx.)

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
4
Land Area
728 m²
Listed
2 weeks ago

Repayment calculator

$5,818/month
$2,909 /fortnight
Loan $960,000 at 6.10% over 30 years

Upfront costs

Deposit$240,000
Stamp duty$52,916
Conveyancing (est.)$2,000
Total upfront$294,916
Verify with WA revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Morley

This 3-bedroom house in Morley, WA 6062 sits within reach of public transport, local shops and nearby schools. It is listed 23% above the $975,000 median of 56 comparable houseswithin 5 km.

Schools near Morley

  • Hampton Park Primary Schoolprimary · K-6 · CoEd
  • Infant Jesus Schoolprimary · PP-6 · CoEd
  • Morley Primary Schoolprimary · K-6 · CoEd
  • Weld Square Primary Schoolprimary · K-6 · CoEd
  • Hampton Senior High Schoolsecondary · 7-12 · CoEd
  • John Forrest Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Rudloc Rd Before Drake St (bus)146 m away
  • Anglicare322 m away
  • Rudloc Reserve239 m away
  • Russell Street Park290 m away
  • R A Cook Reserve482 m away

Morley at a glance

Full suburb profile
Population
22,539
Median age
39
Household income
$1,583/wk
Median rent
$360/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Morley price trend

Median sold · House 3 bed

Compound growth +14.4% / yr over 4 yrs

$900kcurrent median

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Price history

Price history

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1 price change recorded for this property

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