21 Octagon Gardens, Aveley WA 6069

Heritage overlay restricts changes | Built 2006 needs checks on systems | Low $1M with yield under 4% | Plot size supports future options. The heritage overlay directly limits renovation scope, costing buyers flexibility and potential lift in value. At an estimated $1.12M, the 3.97% rental yield is below market for this area, narrowing investor appeal. The 630m² lot and solid 2006 build offer a hold-for-growth proposition, but only if modification needs are minimal. The land-to-building ratio of 33% coverage provides rare development optionality within a stable school zone. Ducted cooling and solar panels reduce holding costs, which strengthens a live-in buyer’s position. This property best suits a family prioritising long-term land value over immediate customisation. The next step is a structural and heritage report to quantify the overlay’s exact cost before proceeding.