64 Clarence Street, Mount Lawley WA 6050

1925 character home | 473m² block | 4-bedroom family hold | Mount Lawley premium This property presents a rare configuration in Mount Lawley: a full-depth 473m² lot with a 1925 house that has not been subdivided or overdeveloped. The 207m² building footprint and 7m roof height suggest expansion potential without losing the original street presence. For a buyer seeking a family home with future capital uplift through renovation or rear addition, the structure and zoning allow that without triggering heritage constraints. The suburb’s 19% annual median growth and high rental demand—midpoint $1,205 per week—confirm strong owner-occupier and investor interest. This house serves best a buyer who values location over turnkey condition and is prepared to add value through cosmetic or structural work. The primary risk is the property’s age: a 1925 build may conceal wiring, plumbing, or foundation issues that are not apparent from listing photos. The single bathroom is a functional limitation for a four-bedroom home, reducing appeal to families unless reconfigured. The rental yield at 2.3% is below market for the area, meaning the property is better held as a long-term owner-occupied renovation than as a pure investment. Opportunity lies in the lack of overlay restrictions—no bushfire, flood, or heritage controls—which gives the buyer flexibility to extend or rebuild. Hold this property for at least five years, renovate the bathroom and kitchen, and you capture both lifestyle use and the suburb’s ongoing price appreciation.