19 Beenong Street, Wanneroo WA 6065

| 1984 house | 1 bathroom | tenanted until 2026 | sits on premium block | This property asks a buyer to accept a single-bathroom floorplan in a market where two bathrooms are now standard, which will directly limit future resale appeal and rent growth. The tenancy until August 2026 locks in cash flow but removes your ability to renovate or occupy, making this a pure hold for an investor willing to wait for capital gains rather than immediate yield. For a buyer needing to live here, the tenancy is a constraint you must factor into your timeline—this is a buy-and-hold proposition, not a flipper or first home play. What makes this house competitively strong is the combination of a full 683m² block with low 24% site coverage, giving genuine scope for future subdivision or extension in a suburb where median house values have climbed 117% over five years. The separate study and air-conditioned retreat are rare finds in a 1984 build, and they add functional depth for a family. This property best serves an investor seeking land-backed growth in a tightly held street, or a buyer willing to wait out the lease and then unlock value through renovation—your next step is to verify subdivision feasibility with council and assess the tenant’s exit options before committing.