2 Jasmine Close, Edgewater WA 6027

Corner block dual-zoning | family-ready 4×2 with pool | Edgewater primary catchment | 699sqm redevelopment upside The buying case here is built on scarcity. A 699sqm corner block with R20/40 dual zoning in a tightly held Edgewater close is rare, and that zoning is what gives this property its strategic edge over a standard family home. The house itself is a solid 1983 build with a pool, ensuite, and air conditioning—functional, not premium—but the land is the asset. For a buyer who can see past cosmetic updates, the position offers immediate family livability with a medium-term subdivision or development pathway. It suits owner-occupiers who want to bank future optionality without paying a premium for a renovated interior, and it suits investors targeting land-banking in a corridor where 80% owner-occupancy signals stable demand. The risk is the house. At 183sqm on a 26% building coverage, the existing structure is modest for the block, meaning any redevelopment will require demolition or significant extension—costs that must be modelled upfront. The dual zoning is permissive but not automatic; subdivision approval carries site-specific constraints and council timelines that can erode margin. The offer-pending status suggests competition, so a buyer must be disciplined about not overpaying for the future yield. The opportunity is clear: hold the house as a rental at ~$815/week while the zoning matures, or partner with a builder to unlock the corner block’s full potential. Either way, this is a land play dressed as a family home.