2 Wilkins Street Bellevue WA 6056

| 1011m² lot | 1935 character | flood overlay | solar panels | 90% owner-occupier street | The property’s primary competitive advantage is its unusually large 1011m² lot in a street with 90% owner-occupier tenure, which signals stable neighbourhood demand and limited turnover. The 1935 build offers original character that can be modernised, and the solar panels reduce ongoing utility costs. This configuration is best suited to a buyer seeking land value appreciation or a renovation project in a tightly held pocket. The flood and heritage overlays introduce material constraints: flood risk may limit future subdivision or affect insurance premiums, while heritage overlay restricts external alterations and adds approval costs. However, the large lot and lack of bushfire overlay provide a rare combination of space and safety. The property should be held for medium-term capital growth, not flipped, and a building and pest inspection is essential before proceeding.