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287 Morley Drive East

Lockridge, WA 6054, Australia
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3 bed 1 bath 4 car85m²

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About this property

A rare chance! This 728m² block offers incredible flexibility with R20/50 zoning - perfect for retain & build, duplex, or triplex development (STCA). Ideal for first-time buyers or investors, the home has been fully repainted, boasts a modern kitchen, 3 bedrooms, separate laundry and bathroom, and is currently leased at $730/week (lease ends 25 May 2026 - renewable or notice can be given). The property also features a borewell, shed, and a back area already slabbed, providing excellent entertaining and storage options, plus potential for further development. Key Features 728m² block with strong development potential R20/50 zoning - retain & build or full redevelopment (STCA) Potential for 2-3 dwellings (STCA) Currently leased $730/week, lease ends 25 May 2026 (renewable or notice can be given) Fully repainted, modern kitchen, 3 bedrooms, separate laundry & bathroom Solar panels for energy efficiency CCTV for added security Primary Schools Lockridge Primary School - local government primary school Good Shepherd Catholic School - Catholic primary school Eden Hill Primary School - government primary East Beechboro Primary School - another public option Casa Mia Montessori Community School - independent primary Secondary Schools Kiara College - government high school Hampton Senior High School - government high school Guildford Grammar School - independent PP-12 school Nearest Train Stations Success Hill Station (Midland Line) Noranda Station (Ellenbrook Line) Buyer / Investor Hook Whether you're a developer looking to unlock R50 potential, an investor seeking strong rental returns, or a first-time buyer after a move-in-ready modern home, this property offers the best of both worlds. Opportunities like this in Lockridge are rare - enquire today! Contact Ambika on 0415 209 995 to secure your inspection and discover the full potential of this incredible home. DISCLAIMER: This information is provided for marketing purposes only. While believed to be reliable, buyers must conduct their own due diligence. No warranty is given or implied.

Property Features

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    Repayment calculator

    $4,261/month
    $2,131 /fortnight
    Loan $703,200 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$175,800
    Stamp duty$36,384
    Conveyancing (est.)$2,000
    Total upfront$214,184
    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.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    1
    Parking
    4
    Land Area
    85m²
    Listed
    1 month ago

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